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Late Equity Roundup, Property Inv, Auto Makers Strong

US STOCKS

Stocks extending late session highs after the FI close, the third consecutive session of higher trade w/Real Estate sector leading SPX eminis: currently trading +42 (1.1%) at 3850.5; DJIA +210.54 (0.67%) at 31712.2; Nasdaq +181.3 (1.7%) at 11133.07.

  • SPX leading/lagging sectors: Real Estate (+3.50%) supported by property investment shares (Ventas, American Tower, Welltower all +4.75-5.5%) followed by Consumer Discretionary (+2.30%) lead by autos (Tesla +5.07%, GM +3.93% after Q3 earnings beat: $2.25 vs. $1.893 est;) Materials (+2.30%). Laggers: Energy (-0.46%), Health Care (+0.70%) followed by Financials and Industrials (both +1.10).
  • Note, recent Elon Musk headlines he plans to close Twitter deal Friday sees TWTR climb to session high of 52.82; TSLA +10.97 at 222.22.
  • Dow Industrials Leaders/Laggers: Home Depot (HD) +6.84 at 290.10, American Express (AXP) +4.94 at 146.56, Salesforce.com (CRM) +4.17 at 164.82. Laggers: United Health (UNH) -3.24 at 538.26 (ironically, UNH issuing 7pt jumbo debt spanning 2-40Y today), Travelers (TRV) -3.79 at 176.00, Amgen (AMGN) -1.47 at 259.85.

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