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MNI: US HOUSE FINANCIAL SERVICES ANNOUNCES HEARING ON SVB, SIG

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Late Equity Roundup: Off Lows On Dovish Fed Speak

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Major indexes trading weaker but well off midday lows as dovish tones from Fed Gov Brainard spurred late round of risk-off unwinds. SPX eminis currently trades -13.75 (-0.35%) at 3931.5; DJIA -131 (-0.39%) at 33164.26; Nasdaq -55.2 (-0.5%) at 10901.13.

  • SPX leading/lagging sectors: Energy (+1.48%) and Communication Services (+1.32%) continued to extend gains in late trade. Oil and gas names supported the former (APA, CTRA, KMI and OXY all up appr 2.5%; interactive media services the latter: Meta (+3.07%) and Google +2.59%.
  • Laggers: Industrials (-1.48%) and Consumer Discretionary (-1.18%) sectors underperformed all session, latter weighed by auto makers (Ford, GM and Tesla all -1.0-1.5%).
  • Dow Industrials Leaders/Laggers: Bouncing back from Wed's selling United Health (UNH) +8.43 at 484.67, Chevron (CVX) +2.46 at 179.69, Goldman Sachs bounced +2.42 at 351.51 Laggers: Home Depot (HD) -9.75 at 313.94, Caterpillar (CAT) -5.34 at 247.48 and MMM -3.20 at 119.55.
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Major indexes trading weaker but well off midday lows as dovish tones from Fed Gov Brainard spurred late round of risk-off unwinds. SPX eminis currently trades -13.75 (-0.35%) at 3931.5; DJIA -131 (-0.39%) at 33164.26; Nasdaq -55.2 (-0.5%) at 10901.13.

  • SPX leading/lagging sectors: Energy (+1.48%) and Communication Services (+1.32%) continued to extend gains in late trade. Oil and gas names supported the former (APA, CTRA, KMI and OXY all up appr 2.5%; interactive media services the latter: Meta (+3.07%) and Google +2.59%.
  • Laggers: Industrials (-1.48%) and Consumer Discretionary (-1.18%) sectors underperformed all session, latter weighed by auto makers (Ford, GM and Tesla all -1.0-1.5%).
  • Dow Industrials Leaders/Laggers: Bouncing back from Wed's selling United Health (UNH) +8.43 at 484.67, Chevron (CVX) +2.46 at 179.69, Goldman Sachs bounced +2.42 at 351.51 Laggers: Home Depot (HD) -9.75 at 313.94, Caterpillar (CAT) -5.34 at 247.48 and MMM -3.20 at 119.55.