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Update: Late Equity Roundup: Late Materials, Energy, Pharma Sales

US STOCKS

Major indexes still bid but off the best levels since mid-December amid modest profit taking in late trade Monday. Information Technology and Communication Services sectors continued to outperform. SPX eminis currently trades +35.75 s (0.9%) at 4024.25; DJIA +162.56 (0.49%) at 33540.1; Nasdaq +172.7 (1.6%) at 11313.61.

  • SPX leading/lagging sectors: Information Technology (+1.83%) sector extends gains, lead by semiconductor makers (AMD +7.85%, MPWR +7.20%, QCOM +6.05%, Nvidia +6.61%). Communication Services (+1.13%) underpinned by interactive media and entertainment names: Netflix (NFLX) up another +5.11% after reporting huge subscriber addition in 4th quarter last wk (+7.66 million vs. 4.57 million est), Dish +3.85%, Paramount +3.84%.
  • Laggers: Materials (-0.29%), Energy (-0.21%) and Utilities (-0.13%) sectors underperformed, metals and mining names weighing on the former: Freeport McMoran (FCX) -2.27%, NuCor (NUE) -0.75%, Newmont Mining (NEM) -0.41%, O&G equipment and servicers weighing on Energy (SLB -2.37%, BKR -1.61%.
  • Dow Industrials Leaders/Laggers: Salesforce (CRM) +4.68 at 155.93, Apple (AAPL) +3.29 at 141.16, Goldman Sachs (GS) +3.14 at 344.98. Laggers: Amgen -2.44 at 260.80, PG -2.07 at 140.9, Home Depot (HD) -0.87 at 485.85.

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