Late Equity Roundup: Holding Weaker

Stocks still weaker in late trade, gradually climbing off midmorning lows after strong data increased expectations of more (potentially larger) rate hikes from the Fed to rein in inflation soured early risk appetite. SPX eminis currently trading -31 (-0.75%) at 4127.75; DJIA - 207.87 (-0.61%) at 33920; Nasdaq -103.2 (-0.9%) at 11967.95.

• SPX leading/lagging sectors: several sectors matched weakness Information Technology (-0.75%) weighed by chip stocks (SEDG -4.85%, AMD -2.43%, KLAC -2.38%, ENPH -2.35%), Utilities, Consumer Discretionary and Industrials all -0.70-0.75% after the FI close.
• Leaders: Similarly, Health Care, Consumer Staples, Materials and Real Estate sectors held -0.40-0.45% in late trade.
• Dow Industrials Leaders/Laggers: Microsoft (MSFT) -4.02 at 265.30, Amgen (AMGN) -3.32 at 236.75, Boeing (BA) -3.02 at 214.42. Leaders: Cisco (CSCO) +3.06 at 51.51, Home Depot (HD) +2.78 at 323.47, Apple (AAPL) +0.88 at 156.20
• Earnings after the close: HubSpot (HUBS, $0.83 est), Redfin (RDFN, -$1.01 est), Digital Reality Trust (DLR, $1.67 est), AMN Healthcare (AMN, $2.16 est), Applied Materials (AMAT, $1.94 est), Atlas Air Worldwide (AAWW, $5.20 est).