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US STOCKS: At/Near New All-Time Highs, Nasdaq Underperforming

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are trading mostly higher after midday Friday, at or near new all-time highs with the Nasdaq underperforming as accounts trimmed gains in Materials, Communication sectors. Currently, the DJIA trades up 272.82 points (0.62%) at 44002.74, S&P E-Minis up 21 points (0.35%) at 6024.5, Nasdaq up 4.7 points (0%) at 19272.93.
  • Real Estate and Utility sectors led gainers in the first half, estate management stocks supporting the Real Estate sector: CBRE Group +2.82%, CoStar Group +1.21%. Residential and specialized REITs also traded strong Friday: Mid-America Apt Community +3.05%, Camden Property Trust +3.02%, AvalonBay +2.75%.
  • Independent power providers buoyed the Utility sector: Ameren Corp +2.97%, Vistra +2.62%, NextEra Energy +2.36%.
  • On the flipside, profit taking in Materials, Communication and Information Technology sectors weighed on broader markets. Metal and mining stocks weighed on the Materials sector: Freeport-McMoRan -5.77%, Celanese -4.83%, Dow Inc -4.78%.
  • Interactive media and entertainment stocks reversed Thursday gains: Warner Bros -4.86%, Paramount Global -4.86% while Match Group declined 3.05%.
  • The latest earnings cycle is nearly over with a few big names expected next week: Home Depot, Live Nation Entertainment, Hertz, Occidental Petroleum, Skyworks Solutions, Cisco, Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences.
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  • Stocks are trading mostly higher after midday Friday, at or near new all-time highs with the Nasdaq underperforming as accounts trimmed gains in Materials, Communication sectors. Currently, the DJIA trades up 272.82 points (0.62%) at 44002.74, S&P E-Minis up 21 points (0.35%) at 6024.5, Nasdaq up 4.7 points (0%) at 19272.93.
  • Real Estate and Utility sectors led gainers in the first half, estate management stocks supporting the Real Estate sector: CBRE Group +2.82%, CoStar Group +1.21%. Residential and specialized REITs also traded strong Friday: Mid-America Apt Community +3.05%, Camden Property Trust +3.02%, AvalonBay +2.75%.
  • Independent power providers buoyed the Utility sector: Ameren Corp +2.97%, Vistra +2.62%, NextEra Energy +2.36%.
  • On the flipside, profit taking in Materials, Communication and Information Technology sectors weighed on broader markets. Metal and mining stocks weighed on the Materials sector: Freeport-McMoRan -5.77%, Celanese -4.83%, Dow Inc -4.78%.
  • Interactive media and entertainment stocks reversed Thursday gains: Warner Bros -4.86%, Paramount Global -4.86% while Match Group declined 3.05%.
  • The latest earnings cycle is nearly over with a few big names expected next week: Home Depot, Live Nation Entertainment, Hertz, Occidental Petroleum, Skyworks Solutions, Cisco, Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences.