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Late Equity Roundup: IT, Communication Services Outperform

US STOCKS
  • Stocks trading mixed after the bell, off lows with Nasdaq outperforming. At the moment: DJIA is down 180.26 points (-0.48%) at 37503.11, S&P E-Mini futures down 8.75 points (-0.18%) at 4792.5, Nasdaq up 11.6 points (0.1%) at 14854.96.
  • Leading gainers: Information Technology and Communication Services outperformed in the second half, semiconductor makers buoyed the former: Nvidia +3%, Advanced Micro Devices +2.22%, Enphase +1.59%. Interactive media/entertainment shares continued to support Communication Services: Match Group +2.35%, Google +1.22%, Live Nation Entertainment +1.04%.
  • Laggers: Energy and Materials sector stocks underperformed, energy and equipment servicer shares continued to weigh on the former: Schlumberger -3.36%, Baker Hughes -2.54%, Haliburton -2.33%,. Metals/mining shares weighed on the Materials sector: Newmont -3.83%, Steel Dynamics -3.2%, Nucor -2.65%.
  • Reminder, banks lead the next quarterly earnings cycle that starts next week Friday with BlackRock, Bank of America, Wells Fargo, JPMorgan, Citigroup and Bank of NY Mellon.

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