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US STOCKS: Late Equity Roundup: IT Shares Recover

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Major averages are drifting in mildly lower territory late Thursday after managing to trade slightly higher at midday as Information Technologysector shares bounced.
  • Currently, the DJIA trades down 11.75 points (-0.03%) at 43285.2, S&P E-Minis down 6.5 points (-0.11%) at 6091.5, Nasdaq down 15.1 points (-0.1%) at 20016.18.
  • Semiconductor makers rebounded in the second half after leading laggers earlier: Broadcom +2.52%, Teredyne +1.09%, Micron Technology +1.05% and Lam Research gaining 0.60%.
  • Estate management shares, particularly industrial and office REITs continued to outperform in the second half: Prologis +2.24%, Essex Property +0.51%, UDR Inc +0.39%.
  • On the flipside, The Consumer Discretionary and Energy sectors continued to underperform, autos and cruise lines weighed on the former: Tesla -2.01%, Royal Caribbean -0.95%, O'Reilly Automotive -0.80%.
  • Meanwhile, oil and gas shares weighed on the Energy sector, partly tied to weaker crude prices (WTI -0.67 at 69.43): Targa Resources -1.55%, Williams Co's -1.47%, ONEOK Inc -0.98%.
  • Looking ahead, the next round of quarterly earnings kicks off mid-January with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 13-16.
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  • Major averages are drifting in mildly lower territory late Thursday after managing to trade slightly higher at midday as Information Technologysector shares bounced.
  • Currently, the DJIA trades down 11.75 points (-0.03%) at 43285.2, S&P E-Minis down 6.5 points (-0.11%) at 6091.5, Nasdaq down 15.1 points (-0.1%) at 20016.18.
  • Semiconductor makers rebounded in the second half after leading laggers earlier: Broadcom +2.52%, Teredyne +1.09%, Micron Technology +1.05% and Lam Research gaining 0.60%.
  • Estate management shares, particularly industrial and office REITs continued to outperform in the second half: Prologis +2.24%, Essex Property +0.51%, UDR Inc +0.39%.
  • On the flipside, The Consumer Discretionary and Energy sectors continued to underperform, autos and cruise lines weighed on the former: Tesla -2.01%, Royal Caribbean -0.95%, O'Reilly Automotive -0.80%.
  • Meanwhile, oil and gas shares weighed on the Energy sector, partly tied to weaker crude prices (WTI -0.67 at 69.43): Targa Resources -1.55%, Williams Co's -1.47%, ONEOK Inc -0.98%.
  • Looking ahead, the next round of quarterly earnings kicks off mid-January with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 13-16.