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Late Equity Roundup: Extending Session Highs

US STOCKS

Major indexes extending session highs in late trade, Materials and Consumer Discretionary sectors continuing to outperform after mixed data. SPX eminis currently trades +38.75 (0.96%) at 4071.5; DJIA +221.74 (0.66%) at 33942.03; Nasdaq +146.5 (1.3%) at 11540.67.

  • SPX leading/lagging sectors: Materials (+1.76%) lead containers/packaging subsector, particularly paper: International Paper (IP) +10.74% after reporting $0.87 adj EPS this morning, additional gainers WRK +4.52%, PKG +2.49%. Consumer Discretionary (+1.70%) lead by auto makers: GM surging 7.74%, Ford +4.27% compared to Tesla +3.22.
  • Laggers: Utilities (-0.16%) weighed by shares of electric utilities underperformed: NEE (-1.35%), FE (-1.23%), SO (-0.47%). Next up: Energy (+0.48%) and Consumer Staples (+0.53%) w/ oil, gas and consumables weighing on the former.
  • Dow Industrials Leaders/Laggers: adding to Monday's gains, United Health (UNH) +11.25 at 497.04, Home Depot (HD) +7.72 at 321.96, Microsoft (MSFT) +3.99 at 246.70. Laggers: Caterpillar (CAT) -9.56 at 251.94 after announcing $2.79 EPS and lagging sales in China, McDonalds (MCD) -4.53 at 266.36 after missing operating margins ests, IBM -0.90 at 134.40.
  • Earning roundup: After market: EA, AMD, AMGN.
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