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Late Equity Roundup: Near Highs

US STOCKS
  • Stocks trading at/near late session highs after the bell, Nasdaq shares rebounding late. Currently, DJIA shares are up 405.05 points (1.16%) at 35474.67, S&P E-Mini futures up 39.75 points (0.88%) at 4537.75, Nasdaq up 84.6 points (0.6%) at 13992.52.
  • Leading gainers: Communication Services, Financials and Real Estate sectors outperformed Monday. Media and entertainment shares buoyed Communication services: Paramount +2.90%, Warner Bros +2.75%, Google +2.67% while Netflix climbed 1.75%.
  • Financial services companies outperformed banks: Berkshire Hathaway gained 3.5% after reporting better than expected quarterly earnings Saturday. Other gainers included Lincoln National +2.62%, PayPal +2.45%. Real Estate investment trusts rallied late w/ office and health care REITS leading.
  • Laggers: Utilities, Energy and Information Technology underperformed. Electricity providers weighed on Utilities in the second half: Pinnacle West Cap -2.2%, XCel Energy -0.95%, and AEP -.3%. Hardware makers weighed on IT: Apple -1.85%, Trimble -1.6%, Zebra Tech -1.15%.

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