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Late Equity Roundup: DOW Components Gaining Late

US STOCKS

Stocks mixed, off midday lows with eminis looking to join firmer Dow components in late trade. Utilities, Consumer Staples and Health Care stocks extended gains while Energy sector shares held lows w/ crude prices weaker (WTI -2.16 at 76.33). SPX eminis currently trading -16.5 (-0.4%) at 4083.5; DJIA +96.22 (0.29%) at 33793.12; Nasdaq -88.7 (-0.7%) at 11767.32.

  • SPX leading/lagging sectors: Energy sector (-3.56%) weighed by wide swath of O&G exploration, production, refining and shipping stocks (EOG -6.08%, DVN -4.9%, HAL -5.73%, HES -5.70%, FANG -5.17%) as market considers impact of Russia oil sanctions. Information Technology (-1.5%) sector next in line as chip stocks remain soft (ON -3.14%, SEDG -3.13%, NVDA -2.97, AMD -2.14%).
  • Leaders: Utilities (+1.18%) supported by one of largest LNG providers in US, Atmos Energy (ATO +1.71%). Consumer Staples (+1.1%) and Health Care (+0.82%) next up, latter supported by bio-tech and pharmaceuticals (BIO +5.68%, OGN +5.63%, AMGN +2.55%, MRK +2.34%).
  • Dow Industrials Leaders/Laggers: United Health (UNH) +9.51 at 496.86, Amgen (AMGN) +5.96 at 240.18, Travelers (TRV) +3.17 at 186.23. Laggers: Microsoft (MSFT) -4.69 at 257.46, Home Depot (HD) -3.79 at 317.45, Chevron (CVX) -3.70 at 162.87 and Salesforce (CRM) -3.74 at 164.37.
  • Earnings resume next week, latest cycle should be winding down shortly. Some notable stocks announcing: WMB ($0.48 est), LPX ($0.55 est), HD ($3.27 est), WMT ($1.52 est), FANG ($5.23 est), PSA ($3.97 est), PXD ($5.87 est).

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