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Late Equity Roundup: Near Highs, Energy, Comm Services Outperform

US STOCKS

Major indexes look to finish Thursday on positive footing, near top end rather narrow range after some post CPI-data volatility. Energy and Communication Services sectors outperforming weaker Consumer Staples and Health Care names. SPX eminis currently trades +21.25 (0.53%) at 4011.25; DJIA +268.78 (0.79%) at 34235.67; Nasdaq +75.4 (0.7%) at 11005.18.

  • SPX leading/lagging sectors: Energy sector outperformed (+2.22%) w/ crude prices stronger (WTI +1.15), energy equipment and services names leading O&G refiners (HAL +3.05%; VLO +0.99%). Communication Services a distant second (+1.05%) w/ media/entertainment names gaining (WBD +4.84%, DIS +4.05%, NFLX +1.18%).
  • Laggers: Second consecutive session of weaker trade (but off lows), Consumer Staples (-0.44%) and Health Care (-0.27%) sectors. Pharmaceuticals and biotech shares underperforming (TECH -4.20%, ILMN -4.69%).
  • Dow Industrials Leaders/Laggers: In-line with energy equipment/servicer gains, Caterpillar (CAT) +5.38 to 256.11, Boeing (BA) +5.90 at 213.93, Honeywell (HON) +4.18 at 216.48. Laggers: Amgen (AMGN) continued to trade weaker, -2.11 at 270.80, McDonalds (MCD) -1.30 at 267.51, Walmart (WMT) -0.91 at 145.22.

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