September 27, 2024 15:20 GMT
US STOCKS: Early Equities Roundup: Dow Climbs to New High
US STOCKS
- The DJIA rallied to new all time highs early Friday, outperforming mildly mixed S&P & Nasdaq stocks ahead noon. The latter two failing to take cues from a stimulus related China stock overnight, the strongest since 2008 Bbg reported.
- Currently, the Dow is up 411.92 points (0.98%) at 42588.14, S&P E-Minis up 5 points (0.09%) at 5810.75, Nasdaq down 40 points (-0.2%) at 18153.58.
- Energy and Utility sectors led gainers in the first half, oil & gas shares rebounding from better selling on weak crude prices Thursday: APA +4.28%, EQT +3.72%, Coterra +2.91%. Independent power shares buoyed the Utility sector: Vistra +3.05%, AES +2.19%.
- Conversely, Information Technology and Consumer Discretionary sectors underperformed, semiconductors paring gains for the week: Broadcom -2.70%, Micron -2.36%, Nvidia -2.32%. Broadline retailers weighed on the Consumer Discretionary sector: Amazon -0.88%, O'Reilly Automotive -0.83%, CarMax -0.73%.
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