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Late Equity Roundup: Nasdaq Outperforms SPX, DJIA Post-Minutes

US STOCKS

Stocks paring gains in late trade, Nasdaq stocks outperforming mildly weaker SPX and Dow shares as markets still digesting Feb FOMC minutes, initially reacting negatively to "a few members wanted to hike 50bp". SPX eminis currently trading -11 (-0.27%) at 3995.5; DJIA -103.32 (-0.31%) at 33024.02; Nasdaq +1.3 (0%) at 11493.91.

  • SPX leading/lagging sectors: Materials (+0.68%), Consumer Discretionary (+0.30%) and Information Technology sectors outperformed, software and services underpinning the latter (INTU +2.13%, NOW +2.00%, SNPS +1.42%, ADBE +1.15%)
  • Laggers: Real Estate (-0.83%), Energy (-0.75%) and Health Care (-0.45%), pharmaceuticals and bio-techs weighing on the latter, notably Charles River Labs (CRL) -12.41%.
  • Dow Industrials Leaders/Laggers: American Express (AXP) +1.90 at 175.38, Salesforce (CRM) +1.76 at 163.38, Home Depot (HD) +1.64 at 297.14, Laggers: Walmart (WMT) -4.16 aty 143.17, Caterpillar (CAT) -1.56 at 239.15, Amgen (AMGN) -1.12 at 237.12.
  • Equity earnings continue after the close: Texas Pacific Land Corp (TPL, $14.29 est), Pioneer Natural Resources (PXD, $5.87 est), Etsy ($1.04 est), EBAY ($1.06 est), NVDA ($0.81 est).

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