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Late Equity Roundup: Dow Stocks Outperform

US STOCKS
  • Stocks trading near steady to mildly mixed late Monday, narrow ranges ahead Tuesday's CPI inflation data. Currently, DJIA outperformed up 55.96 points (0.16%) at 34339.7, S&P E-Mini futures down 1.75 points (-0.04%) at 4429, Nasdaq down 17.5 points (-0.1%) at 13780.94.
  • Initial support for Eminis is still well below: 4332.18 (20-day EMA). Initial technical resistance of 4435.50 (High Oct 10) followed by 4470.18 (61.8% retracement of the Jul 27 - Oct 27 bear leg).
  • Laggers: Utilities and Real Estate sector shares continue to underperform, water and electricity providers weighing on the former: American Electric -2.54%, Evergy Inc -2.45%, AWK -0.95%. Real Estate sector weighed by management and services shares: CoStar Group -1.68%, CBRE -0.30%.
  • Leaders: Energy and Health Care sectors outperformed, equipment and servicer shares buoyed the former: Schlumberger +1.59%, Haliburton +1.15%, Baker Hughes +0.66%. Meanwhile, equipment and service providers supported the Health Care sector in the second half: Davita +7.15%, Henry Schein +6.81%, Insulet +5.95%.
  • While the latest corporate earnings cycle is winding down, there are still some big names on the calendar next week: Aramark and NCR on Tuesday, Advanced Auto Parts, TJX and Cisco next Wednesday.

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