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US STOCKS: Consumer Discretionary, Energy Sector Shares Lead Late Gainers

US STOCKS
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  • Stocks continue to hold modest gains late Monday, inside narrow session ranges as stocks drift near last week's all-time highs in the Dow and S&P Eminis. Currently, the DJIA trades up 63.15 points (0.15%) at 42125.99, S&P E-Minis up 11.5 points (0.2%) at 5773.5, Nasdaq up 30 points (0.2%) at 17978.3.
  • Consumer Discretionary and Utility sectors moved to the fore in the second half, a mix of auto and clothing related companies leading the Consumer Discretionary sector: Tesla +4.39% on Q3 delivery optimism, Bath & Body Works +3.93%, Tapestry +3.37%. Independent power and electricity providers buoyed the Utility sector: Vistra +4.15% after Morgan Stanley raised their target to $132 from $110, CenterPoint Energy +2.80%, NextEra Energy +2.27%.
  • Meanwhile, Health Care and Information Technology sectors continued to underperform in late, pharmaceutical & biotech shares weighing on the Health Care sector: Regeneron Pharmaceuticals -3.17%, Biogen -1.41%, Incyte -1.22%. Semiconductor makers weighed on the IT sector: Crowdstrike -1.91%, Oracle -1.74%, Qualcomm -1.37%.
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  • Stocks continue to hold modest gains late Monday, inside narrow session ranges as stocks drift near last week's all-time highs in the Dow and S&P Eminis. Currently, the DJIA trades up 63.15 points (0.15%) at 42125.99, S&P E-Minis up 11.5 points (0.2%) at 5773.5, Nasdaq up 30 points (0.2%) at 17978.3.
  • Consumer Discretionary and Utility sectors moved to the fore in the second half, a mix of auto and clothing related companies leading the Consumer Discretionary sector: Tesla +4.39% on Q3 delivery optimism, Bath & Body Works +3.93%, Tapestry +3.37%. Independent power and electricity providers buoyed the Utility sector: Vistra +4.15% after Morgan Stanley raised their target to $132 from $110, CenterPoint Energy +2.80%, NextEra Energy +2.27%.
  • Meanwhile, Health Care and Information Technology sectors continued to underperform in late, pharmaceutical & biotech shares weighing on the Health Care sector: Regeneron Pharmaceuticals -3.17%, Biogen -1.41%, Incyte -1.22%. Semiconductor makers weighed on the IT sector: Crowdstrike -1.91%, Oracle -1.74%, Qualcomm -1.37%.