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Late Equity Roundup, Weaker, Inside Range Session

US STOCKS
Equities still trading weaker heading into late FI trade, SPX eminis off late morning lows (ESH2 4282.50L) to near middle of the range at 4307.5 at the moment -- still above first technical support of 4227.50/4101.75 Low Feb 25 / Low Feb 24 and a bear trigger. Markets remain on edge going into the weekend.
  • Late session risk aversion: Tsys turn higher, additional selling in stocks after headlines noted access to Twitter being blocked in Russia after Facebook blocked earlier -- social media outlets a non-state media source of news for Russians.
  • Likely a stronger trigger: White House press secretary Jen Psaki said the US is considering banning oil imports from Russia. Crude prices certainly spiked higher on that, WTI surged to new high of 115.7.
  • SPX leading/lagging sectors: Energy sector continues to outperform +2.05%, Utilities bounced to +1.71%%; Financial sector extends underperformance -3.04%, Information Technology -2.49%, Consumer discretionary -2.17%.
  • Dow leaders: Chevron (CVX) has pared earlier gains on rating upgrade and surge in crude, paper squaring ahead the weekend. Boeing (BA) leads laggers now with financials close second: Goldman Sachs (GS) -8.87to 324.55, American Express (AXP) -8.75 to 171.15.
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