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Late Equity Roundup: Energy, Financials Continue to Lead Gainers

US STOCKS
  • Stocks are firmer in late trade, well off first half highs amid steady profit taking over the last three hours after the Dow climb to a new record high of 40,342.22 earlier. S&P eminis and Nasdaq indexes still off Friday's highs. Currently, the DJIA up 257.15 points (0.64%) at 40256.48, S&P E-Minis up 24.75 points (0.44%) at 5690.25, Nasdaq up 78.3 points (0.4%) at 18477.32.
  • Energy and Financial sector shares continue to lead gainers in late trade, equipment and services shares buoyed the former: Haliburton +5.19%, Schlumberger +4.63%, Baker Hughes +4.46%. Banks continue to buoy the Financial sector: Regions Financial +2.91%, JP Morgan +2.54%, M&T Bank +2.36%.
  • Note, Wells and JPM rebounded after consolidating following last Friday's earnings. Blackrock and Goldman Sachs both announced early Monday, GS +1.85%, Blackrock +0.41%.
  • Conversely, Utilities and Health Care sectors underperformed in late trade, electricity and independent power providers underperforming: AES Corp -9.26%, Centerpoint energy -6.83%, NextEra Energy -5.43%. Meanwhile, equipment and service providers weighed on the Health Care sector: Baxter -3.47%, DaVita -3.10%, Stryker -2.79%.
  • Upcoming earnings: Bank of America, Charles Schwab, State Street and Morgan Stanley on Tuesday; Citizens Financial, US Bancorp, Discover Financial and Ally Financial on Wednesday; KeyCorp, M&T Bank and Blackstone on Thursday; Fifth Third, Regions Financial, Comerica, American Express and Huntington next Friday.
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