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Late Equity Roundup, SPX Firmer, Near Mid-Range

US STOCKS

Equity indexes have had a rocky session are holding mostly/mildly higher after the FI close: SPX eminis near middle of the session range: +2.25 (0.05%) at 4515.5, Dow trades +6.91 (0.02%) at 34717.1, and Nasdaq -99.3 (-0.7%) at 14092.99.

  • Earlier focus was on key resistance of 4578.5 (Feb 9 high), while morning sell-off turned focus to key support of 20-day EMA: well below at 4375.64.
  • SPX leading/lagging sectors: Energy sector remains strong +2.02%, with Utilities +1.18. Laggers: Information Technology sector (-0.76%) after making strong gains Thu, and Consumer Discretionary -0.59% (durables: +0.17 weighed down by retailing -0.41%, consumer services -0.54 and autos -1.36%)
  • Dow Industrials Leaders/Laggers: Travelers insurance (TRV) +2.78 at 187.00, Chevron (CVX) +2.59 at 168.89 (U.S AUTHORIZE CHEVRON TO OPERATE IN VENEZUELA, Bbg). Laggers: Home Depot (HD) continues to sell off -5.64 at 310.14.
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