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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

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Late Equity Roundup: Consumer Staples, Utilities, Financials Lagging

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Major indexes weaker, near session lows w/ Consumer Staples, Utilities and Financials sectors underperforming. Stocks reversed early gains after PNC and Charles Schwab each missed earning est this morning, weighing on financials. SPX eminis currently trades -44.75 (-1.12%) at 3964.75; DJIA -444.37 (-1.31%) at 33466.41; Nasdaq -84.9 (-0.8%) at 11010.67.

  • SPX leading/lagging sectors: Consumer Staples (-2.37%) lead by weaker food, beverage and tobacco shares (KHC -5.94%, CAG -4.07%, MKC -3.91%); Utilities (-2.21%) and Financials (-1.61%) follow, PNC Financial -5.59% in late trade.
  • Leaders: Communication Services (-0.61%) lead by Match Grp (MTCH) +0.66% and Google (+0.10%). Next up: Information Technology (-0.84%) and Consumer Discretionary (-0.90%), internet and direct marketing names supporting latter.
  • Dow Industrials Leaders/Laggers: After heavy sell-off Tuesday - Goldman Sachs bounces +1.74 to 351.66, Apple (APPL) -0.14 at 135.80, Travelers (TRV) -0.28 at 184.72. Laggers: McDonalds (MCD) -7.49 at 266.57, Honeywell (HON) -6.86 at 205.38, United Health (UNH) -5.78 at 479.30.
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Major indexes weaker, near session lows w/ Consumer Staples, Utilities and Financials sectors underperforming. Stocks reversed early gains after PNC and Charles Schwab each missed earning est this morning, weighing on financials. SPX eminis currently trades -44.75 (-1.12%) at 3964.75; DJIA -444.37 (-1.31%) at 33466.41; Nasdaq -84.9 (-0.8%) at 11010.67.

  • SPX leading/lagging sectors: Consumer Staples (-2.37%) lead by weaker food, beverage and tobacco shares (KHC -5.94%, CAG -4.07%, MKC -3.91%); Utilities (-2.21%) and Financials (-1.61%) follow, PNC Financial -5.59% in late trade.
  • Leaders: Communication Services (-0.61%) lead by Match Grp (MTCH) +0.66% and Google (+0.10%). Next up: Information Technology (-0.84%) and Consumer Discretionary (-0.90%), internet and direct marketing names supporting latter.
  • Dow Industrials Leaders/Laggers: After heavy sell-off Tuesday - Goldman Sachs bounces +1.74 to 351.66, Apple (APPL) -0.14 at 135.80, Travelers (TRV) -0.28 at 184.72. Laggers: McDonalds (MCD) -7.49 at 266.57, Honeywell (HON) -6.86 at 205.38, United Health (UNH) -5.78 at 479.30.