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Late Equity Roundup: Off Early Highs Ahead Wed FOMC

US STOCKS

Stocks firmer after the, but well off post-CPI high (ESH3 4153.5) after the lower than expected Nov CPI (0.1% vs. 0.3% est, core 0.2%) buoyed early risk appetite. Support gradually faded through the first half as accts pared risk/took profits ahead Wed's FOMC. SPX eminis currently trade +23.75 (0.59%) at 4048.25; DJIA +58.61 (0.17%) at 34061.92; Nasdaq +92.2 (0.8%) at 11235.56.

  • SPX leading/lagging sectors: Energy (+1.97%) lead by equipment and services outperforming O&G (HAL +7.41%, SLB +3.81%, BKR +3.16%). Real Estate (+1.75%) and Communication Services (+1.70%) followed, interactive media underpinning the latter w/ Match Grp +7.44%, Dish +4.64%, Meta +4.08%. Laggers: Consumer Staples (-0.20%), Utilities (+0.14%) and Consumer Discretionary (+0.16%), auto makers continue to weigh on the latter w/ Tesla -4.44%.
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +3.37 at 366.55, Chevron (CVX) +3.48 at 173.23, Home Depot (HD) +3.32 at 331.40. Laggers: United Health (UNH) -8.97 at 536.89, Amgen (AMGN) -4.84 at 271.94, McDonalds (MCD) -2.73 at 273.89.

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