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Late Equity Roundup: Pare Gains Ahead Jan Employ Data; Late Earnings

US STOCKS

Major indexes trade mostly higher, DJIA continues to lag SPX eminis and Nasdaq while the latter moving off late session highs ahead Friday's employment data. SPX eminis currently trades +39.25 (0.95%) at 4171; DJIA -170.46 (-0.5%) at 33920.01; Nasdaq +287.3 (2.4%) at 12100.99.

  • SPX leading/lagging sectors: Communication Services sector remains strong (+5.57%), outpacing Consumer Discretionary (+1.99%) and Information Technology (+1.77%). Interactive media and services shares lead the rally, particularly Meta (formerly Facebook) +24.52%, followed by Google (+5.59%), Dish (+4.15%). Auto makers supported Consumer Discretionary for a third session w/ GM +5.24%, Tesla +4.22% and F +3.77%. IT lead by hardware makers (ZBRA +5.20%, FFTV +4.89%, STX +3.19%).
  • Laggers: Energy (-3.10%) weighed by O&G drillers, refiners and equipment servicers (COP -6.24%, SLB -6.03%, HAL -5.61%, HES -4.62%). Health Care (-1.16%) and Consumer Staples (-1.07%) follow.
  • Dow Industrials Leaders/Laggers: Rebounding from prior session sales Home Depot (HD) gained +10.28 at 338.37, Microsoft (MSFT) +9.25 at 262.00, Apple (AAPL) +4.19 at 149.62. Laggers: United Health (UNH) hammered: -27.53 at 469.47, Caterpillar (CAT) -5.67 at 243.87, Travelers (TRV) -5.21 at 180.02.
  • Earning after the close: AAPL($1.94 est), F ($.61 est), Google ($1.19 est), QCOM ($2.34 est), AMZN ($0.17 est), GILD ($1.50 est), SBUX ($0.77 est).

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