January 24, 2023 20:20 GMT
Late Equity Roundup: Dow Components Outperform
US STOCKS
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Major indexes trade mildly mixed after the bell, Dow components continue to outpace SPX and Nasdaq stocks. SPX eminis currently trades -2.5 (-0.06%) at 4034; DJIA +107.43 (0.32%) at 33736.8; Nasdaq -29.3 (-0.3%) at 11335.
- SPX leading/lagging sectors: Industrials (+0.81%) lead gainers with machinery, construction and engineering shares stronger (PCAR +7.93%, CMI +2.78%, RTX +2.72%). Utilities (+0.71%) and Real Estate (+0.57%) follow w/ residential real estate investment trusts leading the latter.
- Laggers: Health Care (-0.65%) weighed by pharmaceuticals and bio-tech stocks (PKI -4.04%, TMO -4.02%, WAT -3.05%). Communication Services (-0.64%) and Energy (-0.52%) followed, the latter weighed by O&G equipment and services names (BKR -1.77%, HAL -1.70%, SLB -0.88%).
- Dow Industrials Leaders/Laggers: Travelers (TRV) +7.00 at 193.86, Caterpillar (CAT) +6.08 at 258.78, Honeywell (HON) +2.95 at 207.41. Laggers: MMM -6.02 at 116.60 after missing earnings expectations this morning ($2.28 EPS vs. 2.36 est), AMGN -1.06 at 259.91, Merck (MRK) -1.40 at 108.48.
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