Late Equity Roundup: Risk Appetite Up as Real Yld Declines

Stocks regaining ground after SPX eminis fell to lowest level since Jan 25 this morning (3976.0), risk appetite improving as real yield recede (10Y -4.5bp to 1.46% - pre FOMC minutes levels). Otherwise, chip makers strong, boosting IT sector. SPX eminis currently trading +15.75 (0.39%) at 4014.5; DJIA +58.9 (0.18%) at 33103.7; Nasdaq +72.6 (0.6%) at 11579.54.

• SPX leading/lagging sectors: Information Technology took the lead in late trade (+1.53%) lead by strong chip-maker performance (NVDA +14.5%, AMD +4.05%, MU +2.65%), Energy sector a close second (+1.5%) lead by equipment and servicer shares (BKR +2.10%, HAL +1.9%, SLB +1.75%).
• Laggers: Utilities (-0.60%), Communication Services (-0.57%) weighed by tele-comm shares and Consumer Staples (-0.34%) weighed by food retailers (WMT -1.52%, KR -1.46%).
• Dow Industrials Leaders/Laggers: Boeing (BA) +3.04 at 208.80, Microsoft (MSFT) +2.34 at 253.82, Chevron (CVX) +2.11 at 162.46. Laggers: McDonalds (MCD) -2.18 at 266.46, Walmart (WMT) -2.08 142.16, Travelers (TRV) -1.20 at 184.92.
• Equity earnings continue after the close: Autodesk (ADSK, $1.81 est), EOG Resources (EOG, $3.39 est), Booking Holdings (BKNG $21.51 est), Carvana (CVNA -$2.18), Intuit (INTU, $1.44),