Late Equity Roundup: Late Risk Off on Geopol Uncertainty
Stocks firmer in late trade, well off highs following unconfirmed reports of "stray" missile strike in Poland near Ukraine border. Tsys bounced as risk-off action ensued amid sporadic headlines and calls for security council meetings in Poland and Hungary. Pentagon officials are aware of the reports but can't corroborate.
- Stocks off lows ahead the FI close: SPX eminis currently trading +24.5 (0.62%) at 3991.25; DJIA +4.22 (0.01%) at 33541.56; Nasdaq +140.9 (1.3%) at 11337.43.
- SPX leading/lagging sectors: Communication Services sector outperforms but off highs (+1.31%) media & entertainment leads (Paramount +6.44%, Google +2.27%, NFLX +3.20%); Information Technology (+2.39%) follows, semiconductors leading. Laggers: Materials (-0.43%), Health Care (-0.32%), Financials (+0.17%).
- Dow Industrials Leaders/Laggers: Walmart (WMT) +10.35 at 148.74 after strong earnings ($1.50 vs. $1.32 est) forward guidance; Home Depot (HD) +5.10 at 312.02, Visa (V) +2.58 at 209.44. Laggers: United Health (UNH) -11.57 at 502.18, McDonalds (MCD) -4.67 at 267.60, Amgen (AMGN) -3.49 at 281.81.