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Late Equity Roundup: Energy Shares Lead Rally, Crude Near Highs

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Major indexes trading firmer after the FI close - near second half highs after occurred at the start of Fed Chairman Powell's interview at the Economic Club of Washington. While both rates and equities reversed post-Powell gains, stocks rebounded late as crude climbed over $3bbl, supporting Energy sector stocks.

  • SPX eminis currently trades +1.5 (+0.01%) at 4124; DJIA -79.24 s (-0.23%) at 33809.81; Nasdaq +23.9 (0.2%) at 11910.34.
  • SPX leading/lagging sectors: Energy (+2.53%) outperforms as WTI crude prices climbed to 77.25, O&G shares leading (VLO +4.97%, MPC +4.44%, OXY +3.90%, FANG +3.65%). Information Technology (+1.97%) and Communication Services (+1.72%) follow, the former lead by semiconductor shares (SWKS +12.26%, FISV +7.89%, QRVO +6.85%).
  • Laggers: Consumer Staples (-0.58%), Utilities (-0.42%) and Real Estate (-0.39%), the latter weighed by specialized REITs.
  • Dow Industrials Leaders/Laggers: Microsoft (MSFT) +10.03 at 266.80, Boeing (BA) +5.52 at 212.33, Chevron (CVX) +3.69 at 173.24. Laggers: Home Depot (HD) -4.68 at 324.55, Caterpillar (CAT) -2.13 at 2149.29, McDonalds (MCD) -1.53 at 266.39.
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Major indexes trading firmer after the FI close - near second half highs after occurred at the start of Fed Chairman Powell's interview at the Economic Club of Washington. While both rates and equities reversed post-Powell gains, stocks rebounded late as crude climbed over $3bbl, supporting Energy sector stocks.

  • SPX eminis currently trades +1.5 (+0.01%) at 4124; DJIA -79.24 s (-0.23%) at 33809.81; Nasdaq +23.9 (0.2%) at 11910.34.
  • SPX leading/lagging sectors: Energy (+2.53%) outperforms as WTI crude prices climbed to 77.25, O&G shares leading (VLO +4.97%, MPC +4.44%, OXY +3.90%, FANG +3.65%). Information Technology (+1.97%) and Communication Services (+1.72%) follow, the former lead by semiconductor shares (SWKS +12.26%, FISV +7.89%, QRVO +6.85%).
  • Laggers: Consumer Staples (-0.58%), Utilities (-0.42%) and Real Estate (-0.39%), the latter weighed by specialized REITs.
  • Dow Industrials Leaders/Laggers: Microsoft (MSFT) +10.03 at 266.80, Boeing (BA) +5.52 at 212.33, Chevron (CVX) +3.69 at 173.24. Laggers: Home Depot (HD) -4.68 at 324.55, Caterpillar (CAT) -2.13 at 2149.29, McDonalds (MCD) -1.53 at 266.39.