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Late Equity Roundup: Modest Late Session Gains, Focus on Fed

US STOCKS CLOSE
  • Stocks gained traction in the second half, trading near late session highs as focus turns to tomorrow's CPI, PPI and the Fed announcement on Wednesday. Currently, DJIA trades is up 105.41 points (0.29%) at 36352.88, the S&P E-Mini Futures up 13.25 points (0.28%) at 4673.5 Nasdaq up 18.6 points (0.1%) at 14421.7.
  • Leading gainers: Industrials and Financial sectors continued to outperform in late trade, commercial/professional services shares led the former: Copart gaining 3.44%, Verisk Analysis +2.98%, Veralto +2.28%, ADP +1.88%. Insurance companies continued to support Financials: Allstate +2.69%, Everest Grp +2.06%, Aon +1.85%.
  • Laggers: Communication Services and Consumer Discretionary sectors underperformed. Media and entertainment weighed on the communication services: Paramount -3.47% Meta -2.17% and Google -1.8%. Auto makers weighed on the Discretionary sector: Tesla -1.85% while GM slipped 0.18%.

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