Late Equity Roundup: Energy Sector Sells-Off Late

Major indexes extend session lows in late trade - scaling off last Fri's month highs ahead Wed's FOMC. Energy sector sold off in the second half as crude sold off (WTI -1.70 at 77.98), underperforming Communication Services and Information Technology. SPX eminis currently trades -46.25 (-1.13%) at 4037.75; DJIA -213.04 (-0.63%) at 33764.3; Nasdaq -202.7 (-1.7%) at 11418.99.

• SPX leading/lagging sectors: Energy underperformed (-1.88%) lead by O&G drillers/refiners (DVN -3.48%, MRO -3.25%, APA -3.15% Fang -2.98%) as crude sold off in the second half. Information Technology (-1.72%) and Communication Services (-1.60%) followed, interactive media and entertainment weighing on the latter (WDB -3.05%, META -2.60%, Google -2.30%).
• Leaders: Consumer Staples (+0.00%) lead by food, beverage and tobacco makers, followed by modest losses in Utilities and Financials (-0.30%).
• Dow Industrials Leaders/Laggers: JNJ -6.12 at 162.11, Microsoft (MSFT) trades -5.45 at 242.73, Chevron (CVX) -4.46 at 174.99. Leaders: United Health (UNH) +3.12 at 489.72, Goldman Sachs (GS) +4.94 at 358.64, American Express (AXP) +2.29 at 174.6.
• Reminder, earnings annc pick up in earnest early Tue w/: International Paper (IP), Pfizer (PFE), Philips 66 (PSX), Pulte Grp (PHM), McDonalds (MCD), Marathon Petroleum (MPC), Corning (GLW), Sysco (SYY), UPS, GM, Caterpillar (CAT), Exxon (XOM).