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Late Equity Roundup: Gaining Upside Momentum

US STOCKS
  • Stocks continue to inch higher in late trade, adding to Monday's rally off lows for the month. Currently, DJIA is currently up 113.53 points (0.34%) at 33042.8, S&P E-Mini futured up 26 points (0.62%) at 4212.25, Nasdaq up 58.7 points (0.5%) at 12848.54.
  • Leaders: Real Estate, Financials and Consumer Discretionary sectors outperformed, management and development shares supporting the former: CoStar Group +4.31%, CBRE Group +3.1%. Bank and insurance names buoyed the Financial sector: Arch Capital +4.56%, Zions Bancorp +2.9%, Globe Life and Allstate both gained 2.3%. Meanwhile, autos lead gains in Consumer Discretionary: GM +2.95%, Tesla +2.2%, Ford +.5%.
  • Laggers: Energy, Communication Services and Health Care sectors underperformed, energy equipment servicer shares weighed on the former: Baker Hughes -1.7%, ONEOK -1.17% and Schlumberger -1.13%. Interactive media shares weighed on Communication Services: Paramount Global -0.86%, Meta -0.8% while Google receded -0.5%. Meanwhile, biotech and pharmaceutical shares weighed on the Health Care sector: Catalent Inc down a whopping 16.08% after delaying its Q1 results to mid-November, Amgen and Bio-Techne both -3.7%.
  • Corporate earning announcements expected after the close: Noble Corp, ONEOK Inc, Advanced Micro Devices, Chesapeake Energy Corp, Lumen Technologies, Caesars Entertainment, Livent Corp, Match Group and First Solar Inc.
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