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Late Equity Roundup: Resilient After Expected Hawkish FOMC Minutes

US STOCKS

Little reaction to largely expected Sep FOMC minutes with a hawkish tone" better to do too much, than too little" in addressing inflation. Stock indexes trading mildly higher, holding inside narrow session range after the FI close, Energy and Consumer Staples still outperforming. Currently, SPX eminis trade +2.50 (+0.1%) at 3601.75; DJIA +83.99 (0.29%) at 29319.06; Nasdaq +22.7 (0.2%) at 10447.13.

  • SPX leading/lagging sectors: Energy (+1.12%) with equipment and services outpacing oil and gas. Consumer Staples +0.67% with food/beverage and tobacco shares leading. Laggers: Utilities underperforming (-3.16%) weaker across the board, Entergy (ETR) -3.34%, Nexera (NEE) -3.08%, Duke (DUK) -2.77%. Real Estate (-0.98%) and Materials (-0.48%) follow.
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +3.07 at 297.28, United Health (UNH) +1.95 at 501.76, JPM +2.21 at 104.17. Laggers: Walmart (WMT) -1.27 at 131.40, Boeing (BA) -1.04 at 130.53, Home Depot (HD) -1.33 at 281.56.

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