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Late Equity Roundup: Communication Service, Financial Sectors Strong

US STOCKS

Major indexes remained weaker after the FI close, but off lows following a third buy program on the day (over 1,500). Communication Service and Financial sectors continued to outperform. SPX eminis currently trade -17.75 (-0.46%) at 3842.25; DJIA -75.03 (-0.23%) at 33072.5; Nasdaq -73.5 (-0.7%) at 10392.47.

  • SPX leading/lagging sectors: Communication Services (+1.61%) remains strong (META, formerly Facebook up +3.81%), Financials (+0.20%) and Real Estate outperformed.
  • Eminis reversed early gains, Energy (-4.15%) weighing w/crude prices falling (WTI -3.34 at 76.92): APA -7.13%, DVN -6.32%, HES -5.93% in late trade. Information Technology (-1.14%) sector weighed by Apple (AAPL) -4.01% amid reports the company requesting fewer components from suppliers. Semiconductor shares pressed as well (NVDA -2.05%, MPWR -2.86%). Incidentally, autos weighed on Consumer Discretionary sector, most notably Tesla -11.65%.
  • Dow Industrials Leaders/Laggers: Boeing (BA) +4.41 at 194.90, Salesforce.com (CRM) +2.30 at 134.89, MMM +2.16 at 122.08. Laggers: United Health at (UNH) -13.38 at 516.80, Chevron (CVX) -7.0 at 172.49, Amgen -2.31 at 260.33.

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