Late Equity Roundup: Fading Fast

Stock indexes remain weaker, near lows in late FI trade. Earlier support from Information Technology and Consumer Discretionary sectors evaporated while Communication Services sector extend losses. SPX eminis currently trades -33 (-0.8%) at 4097.5; DJIA -223.43 (-0.66%) at 33720.23; Nasdaq -104.7 (-0.9%) at 11803.43.

• SPX leading/lagging sectors: Consumer Discretionary (+0.26%) and Information Technology (-0.06%) well off first half highs. Automakers and parts suppliers still buoyed Consumer Discretionary sector w/ BorgWarner (+4.05%), Tesla (+4.86%). IT more mixed in late trade: Monolithic Power (MPWR) +9.71%, while SolarEdge Technology (SEDG) -8.0%, Enphase (ENPH) -4.88%.
• Laggers: Selling in Communication Services (-2.99%) weighed Google -5.50% continued weakness after AI "Bard" presentation in Paris drew negative comparisons to Microsoft's BING AI yesterday. Materials (-1.41%) and Utilities (-1.03%) follow, the latter weighed by independent/renewable energy shares.
• Dow Industrials Leaders/Laggers: Salesforce (CRM) +4.24 at 173.87, United Health (UNH) +2.37 at 485.95, Walmart (WMT) +0.91 at 141.13. Laggers: Goldman Sachs (GS) -4.61 at 370.49, Home Depot (HD) -3.37 at 317.42, Honeywell (HON) -2.45 at 199.77.
• Equity Earnings cycle continues after the close: Mettler Toledo Int (MTD, $11.66 est), PayPal (PYPL, $1.20 est), Expedia (EXPE, $1.77 est), Mohawk Ind (MHK, $1.27 est) ,Motorola (MSI, $3.43 est)