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US STOCKS: Equities Roundup: Electricity Providers, Chip Stocks Outperforming

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are trading near steady to mixed, Nasdaq outperforming weaker Dow Industrials ahead midday. Several factors likely contributing to generally quiet range trade as markets await fresh catalysts to help determine strategy & positioning. Markets may be waiting for next week's September employment data to gauge the Fed's next move for rates. The next earnings cycle resumes in two weeks, Bank of NY Mellon, Wells Fargo and JP Morgan reporting October 11. Geopolitical risks stemming from Israel/Hamas not to mention Russia/Ukraine continue unabated.
  • Currently, the DJIA is down 219.55 points (-0.52%) at 41989.21, S&P E-Minis down 5 points (-0.09%) at 5786.75, Nasdaq up 24.1 points (0.1%) at 18097.82.
  • Utilities and Information Technology sectors led gainers in the first half, independent and electricity providers supported the former: Vistra +4.81%, Constellation Energy +2.62%, AES Corp +1.67%. Semiconductor stocks buoyed the IT sector for the second day running: Intel +3.77$, Nvidia +2.75%, ZAMD +2.22%.
  • Conversely, Energy and Health Care sectors underperformed in the first half, crude prices coming off recent highs (WTI -1.22 at 70.34) likely weighing on O&G shares: Haliburton -2.15%, Diamondback Energy -1.93%, Schlumberger -1.68%. Pharmaceuticals weighed on the Health Care sector: Amgen -4.68%, Charles River Labs -3.74%, Bristol-Myers Squibb -2.87%.
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  • Stocks are trading near steady to mixed, Nasdaq outperforming weaker Dow Industrials ahead midday. Several factors likely contributing to generally quiet range trade as markets await fresh catalysts to help determine strategy & positioning. Markets may be waiting for next week's September employment data to gauge the Fed's next move for rates. The next earnings cycle resumes in two weeks, Bank of NY Mellon, Wells Fargo and JP Morgan reporting October 11. Geopolitical risks stemming from Israel/Hamas not to mention Russia/Ukraine continue unabated.
  • Currently, the DJIA is down 219.55 points (-0.52%) at 41989.21, S&P E-Minis down 5 points (-0.09%) at 5786.75, Nasdaq up 24.1 points (0.1%) at 18097.82.
  • Utilities and Information Technology sectors led gainers in the first half, independent and electricity providers supported the former: Vistra +4.81%, Constellation Energy +2.62%, AES Corp +1.67%. Semiconductor stocks buoyed the IT sector for the second day running: Intel +3.77$, Nvidia +2.75%, ZAMD +2.22%.
  • Conversely, Energy and Health Care sectors underperformed in the first half, crude prices coming off recent highs (WTI -1.22 at 70.34) likely weighing on O&G shares: Haliburton -2.15%, Diamondback Energy -1.93%, Schlumberger -1.68%. Pharmaceuticals weighed on the Health Care sector: Amgen -4.68%, Charles River Labs -3.74%, Bristol-Myers Squibb -2.87%.