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Late Equity Roundup: Near Highs, Consumer Services/Discretionary Bid

US STOCKS

Major indexes trade moderately firmer, near late session highs in late trade, with Consumer Services and Consumer Discretionary sectors outperforming. SPX eminis currently trade +15 (0.38%) at 3928.5; DJIA +88.7 (0.26%) at 33606.17; Nasdaq +69.7 (0.7%) at 10705.11.

  • SPX leading/lagging sectors: Consumer Discretionary (+0.90%) lead by internet retailers (AMZN +2.84%, EBAY +2.49%, ETSY +3.43%) session support tempered by modest reversal for auto makers paring Monday rally (TSLA -1.73%). Consumer Services a close second (+0.89%) lead by telecom names (LUMN +2.32%, T +1.89%, VZ +1.0%).
  • Laggers: Utilities (-0.45%), Consumer Staples (-0.26%) and Real Estate (-0.05%) underperformed. Estate investment (KIM -3.27%, WY -2.01%) weighed on otherwise RE management names (HST +2.16$, BXP +1.93%).
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +3.96 at 356.96, Visa (V) +3.57 at 222.17, AMGN +3.19 at 273.31 and Caterpillar (CAT) +2.94 at 249.56 continued to lead gainers in late trade. Laggers: United Health (UNH) -5.38 at 484.68, Boeing (BA) -1.46 at 207.11, JNJ -0.6 at 174.98.

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