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US STOCKS: Late Equity Roundup: Paring Losses, Oil & Gas Leading

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks are still trading mixed but climbing off lows amid chatter of an impending Israeli ceasefire/hostage deal tomorrow that lent to late Monday risk-on tone. Narrow ranges persisted as focus remains on this week's PPI and CPI inflation measures on Tuesday and Wednesday respectively, as well corporate earnings that kick off this week.
  • Currently, the DJIA trades up 267.83 points (0.64%) at 42205.15, S&P E-Minis down 3.25 points (-0.06%) at 5862.5, Nasdaq down 137.1 points (-0.7%) at 19022.49.
  • Energy and Materials sectors continued to outperform in the second half, support for the former tied to gains in crude (WTI +2.40 at 78.97): Valero Energy +5.29%, Marathon Petroleum +3.56%, APA Corp +3.25%. Materials led by Mosaic +7.49%, CF Industries +7.37%, Steel Dynamics +6.22% while Albemarle gained 4.99%.
  • Utility and Information Technology sectors continued to underperform, electricity providers weighed on the former: Edison International down nearly 12% amid investigations into whether electrical equipment operated by SoCal Edison sparked a blaze in Hurst. Elsewhere, Constellation Energy declined 6.15% despite several agency upgrades, PG&E -4.19% and AES Corp -3.33%.
  • IT sector shares remained under pressure as the Biden administration looked to curb semiconductor exports to China: Super Micro Computer -4.79%, Micron -4.17%, Palantir -4.25, Nvidia -2.53%.
  • Reminder, the next round of quarterly earnings kicks off this week with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 15-16.
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  • Stocks are still trading mixed but climbing off lows amid chatter of an impending Israeli ceasefire/hostage deal tomorrow that lent to late Monday risk-on tone. Narrow ranges persisted as focus remains on this week's PPI and CPI inflation measures on Tuesday and Wednesday respectively, as well corporate earnings that kick off this week.
  • Currently, the DJIA trades up 267.83 points (0.64%) at 42205.15, S&P E-Minis down 3.25 points (-0.06%) at 5862.5, Nasdaq down 137.1 points (-0.7%) at 19022.49.
  • Energy and Materials sectors continued to outperform in the second half, support for the former tied to gains in crude (WTI +2.40 at 78.97): Valero Energy +5.29%, Marathon Petroleum +3.56%, APA Corp +3.25%. Materials led by Mosaic +7.49%, CF Industries +7.37%, Steel Dynamics +6.22% while Albemarle gained 4.99%.
  • Utility and Information Technology sectors continued to underperform, electricity providers weighed on the former: Edison International down nearly 12% amid investigations into whether electrical equipment operated by SoCal Edison sparked a blaze in Hurst. Elsewhere, Constellation Energy declined 6.15% despite several agency upgrades, PG&E -4.19% and AES Corp -3.33%.
  • IT sector shares remained under pressure as the Biden administration looked to curb semiconductor exports to China: Super Micro Computer -4.79%, Micron -4.17%, Palantir -4.25, Nvidia -2.53%.
  • Reminder, the next round of quarterly earnings kicks off this week with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 15-16.