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Late Equity Roundup: Late Recovery, Banks, Autos and Airlines Gaining

US STOCKS

Major indexes recover off midmorning lows, Utilities still lagging while Financials and Consumer Discretionary sectors making late gains. SPX eminis currently trades -2 (-0.05%) at 4030.5; DJIA +10.79 (0.03%) at 33744.21; Nasdaq -17.4 (-0.2%) at 11317.78.

  • SPX leading/lagging sectors: Utilities underperforming (-1.62%) specifically electrical: NextEra Energy: NEE -8.21% despite reporting better than expected profit/rev's, though bottom line disappointed. Next up: Communication Services (-0.50%) and Industrials (-0.46%), interactive media & services weighing on the former (Google -2.95%, Meta -0.75%).
  • Leaders: Financials sector (+0.60%) gained in the second half w/ insurance and banks outperforming diversified financials (USB +5.12%, Key +1.90%, WFC +1.51%. Consumer Discretionary (+0.30%) next up - lead by autos (TSLA +1.11%, GM +0.44%, F +0.35%).
  • Dow Industrials Leaders/Laggers: Boeing (BA) reversed early losses (203.18 low) to 213.84 (+1.5), McDonalds (MCD) +1.27 at 270.84, and Disney (DIS) +1.29 at 107.29. Laggers: AMGN -3.54 at 256.16, Travelers (TRV) -2.85 at 190.40, Chevron (CVX) -2.09 at 178.74.
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Major indexes recover off midmorning lows, Utilities still lagging while Financials and Consumer Discretionary sectors making late gains. SPX eminis currently trades -2 (-0.05%) at 4030.5; DJIA +10.79 (0.03%) at 33744.21; Nasdaq -17.4 (-0.2%) at 11317.78.

  • SPX leading/lagging sectors: Utilities underperforming (-1.62%) specifically electrical: NextEra Energy: NEE -8.21% despite reporting better than expected profit/rev's, though bottom line disappointed. Next up: Communication Services (-0.50%) and Industrials (-0.46%), interactive media & services weighing on the former (Google -2.95%, Meta -0.75%).
  • Leaders: Financials sector (+0.60%) gained in the second half w/ insurance and banks outperforming diversified financials (USB +5.12%, Key +1.90%, WFC +1.51%. Consumer Discretionary (+0.30%) next up - lead by autos (TSLA +1.11%, GM +0.44%, F +0.35%).
  • Dow Industrials Leaders/Laggers: Boeing (BA) reversed early losses (203.18 low) to 213.84 (+1.5), McDonalds (MCD) +1.27 at 270.84, and Disney (DIS) +1.29 at 107.29. Laggers: AMGN -3.54 at 256.16, Travelers (TRV) -2.85 at 190.40, Chevron (CVX) -2.09 at 178.74.