November 16, 2022 20:12 GMT
Late Equity Roundup, Nasdaq Leads Sell-Off
US STOCKS
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Stocks mostly weaker, off lows after the FI close, OTC Nasdaq shares underperforming. Stocks reversed early gains after stronger Retail Sales (+1.3% vs. 1.0% est, ex-auto +1.3% vs. 0.5% est) tempered yr-end "step-down" pricing.
Energy and Consumer Discretionary sectors underperform. SPX eminis currently trading -35.25 (-0.88%) at 3964.75; DJIA -35.25 (-0.88%) at 3964.75; Nasdaq -184.1 (-1.6%) at 11174.99.
- SPX leading/lagging sectors: Energy (-2.22%) underperformed w/ equipment and servicer names lagging oil and gas shares (CTRA -4.66%, FANG -4.22%, MRO -4.07%). Consumer discretionary (-1.53%) weighed by autos, Information Technology (-1.42%) followed as semiconductors reversed prior session gains (Micron -6.68%, AMD -4.87%, AMAT -5.57%).
Leaders: Utilities (+0.91%),Consumer Staples (+0.44%) and Health Care (-0.03%). - Dow Industrials Leaders/Laggers: United Health (UNH) +9.25 at 512.26, McDonalds (MCD) +6.42 at 274.26 and Home Depot (HD) +4.00 at 315.93. Laggers: Salesforce.Com (CRM) -7.48 at 154.59, Chevron (CVX) -2.94 at 185.11, Caterpillar (CAT) -2.85 at 231.69.
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