November 09, 2022 20:26 GMT
Late Equity Roundup: Forging Lower
US STOCKS
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Stocks extended session lows into the FI close, Energy and Consumer Discretionary sectors continuing to underperform. SPX eminis currently trading -66 (-1.72%) at 3769.25; DJIA -524.17 (-1.58%) at 32639.67; Nasdaq -220.8 (-2.1%) at 10396.25.
- SPX leading/lagging sectors: Energy (-4.47%) as equipment and servicer shares underperform oil and gas stocks: Occidental Petro (OXY) -8.97%, Coterra Energy (CTRA) -7.35%, Hess Energy (HES) -6.49%. Consumer Discretionary sector (-2.52%) followed with autos underperforming: Tesla -6.09%, Ford -2.88%. Leaders: Utilities (-0.49%), Real Estate (-0.59%) and Health Care Sectors (-0.65%).
- Dow Industrials Leaders/Laggers: scaling back from earlier highs, Merck (MRK) +0.63 at 102.13, McDonalds (MCD) +0.25 at 280.11, Procter & Gamble (PG) +0.17 at 136.98. Laggers: Disney (DIS) -12.60 at 87.30 after profits disappointed, Verizon (V) -7.37 at 194.41, United Health -9.43 at 543.62.
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