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Late Equity Roundup: META Hammered, Down Near 25%

US STOCKS

Stocks pared gains (DJIA) / inched lower (SPX/NDX) late Thursday, Communications Services and Information Technology sectors weighing. SPX eminis currently trading -22 (-0.57%) at 3819.25; DJIA +244.85 (0.77%) at 32084.92; Nasdaq -181.9 (-1.7%) at 10789.36.

  • SPX leading/lagging sectors: Communication Services (-4.02%) weighed by interactive media/services: META (formerly Facebook) gave back nearly 25% of it's share price on the day: -31.75 at 98.07; Information Technology (-1.09%) follows as hardware and equipment peripherals underperform: Micron (MU) -5.3%, Apple -3.32%, Intel (INTC) -2.88%.
  • Leaders: Industrials (+1.46%) lead by machine makers (Caterpillar/CAT +8.52% after strong earnings +$3.95 vs. $3.178 est) followed by Financials (+0.91%), Utilities (+0.74%) and Energy (+0.59%) the latter lead by oil and gas names (Marathon/MRO +2.09%, Phillips 66/PSX +1.78%, Valero/VLO +1.52%).
  • Dow Industrials Leaders/Laggers: Caterpillar (CAT) surges +15.70 at 212.66, McDonalds (MCD) +8.91 at 265.52, Honeywell (HON +7.20 at 197.47. Laggers: Microsoft (MSFT) extends Wed's sell-off -4.99 at 226.33, Apple (AAPL) -4.99 at 144.36, Intel (INTC) -0.78 at 26.43.

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