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Late Equity Roundup, Holding Late Session Highs

US STOCKS

US stocks finishing near late session highs, holding relatively narrow range since midmorning while Tsy futures trade mixed/near session lows. Consumer Discretionary and Consumer Services sectors leading the rally. Currently, SPX eminis trade +89.5 (2.49%) at 3687; DJIA +538.23 (1.82%) at 30174.27; Nasdaq +333.8 (3.2%) at 10655.82.

  • SPX leading/lagging sectors: Consumer Discretionary (+4.32%) leads w/ auto-makers outperforming: Tesla (+6.77%) bouncing back from heavy selling last Friday, GM (+2.25%); Communication Services follow (+3.82%) as media & entertainment outperform telecom services. Laggers: Consumer Staples (+1.36%), Health Care (+1.68%) and Energy (+1.55%) underperformed.
  • Dow Industrials Leaders/Laggers: Microsoft (MSFT) more than makes up for Fri's sell-off , trades +9.26 at 237.82; Goldman Sachs (GS) announces earnings tomorrow +5.96 at 305.95, United Health (UNH) +7.47 at 520.60. Laggers: Walgreens Boots (-0.08) at 33.16. Dow Inc (+0.39) at 45.50; Intel (INTC) +0.51 at 26.42.

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