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US STOCKS: Late Equities Roundup: Bid But Off Highs Ahead Weekend, Banks Leading

US STOCKS
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  • Stocks are holding moderate gains late Friday, off this morning's post-data highs amid cautious positioning going into the weekend as Mideast tensions remain high. Currently, the Dow trades up 223.06 points (0.53%) at 42233.82, S&P E-Minis up 34.5 points (0.6%) at 5784.25, Nasdaq up 158.3 points (0.9%) at 18076.47.
  • Financial and Consumer Discretionary sectors outperformed in the second half, banks and financial services companies leading gainers: Discover Financial Services +5.20%, Capital One +4.77%, M&T Bank +3.35%, Wells Fargo +3.31%. Reminder, the next earnings cycle kicks off next week with Bank of NY Mellon, Wells Fargo, JP Morgan and Blackrock reporting next Friday.
  • The Consumer Discretionary outpaced the Energy sector in the second half, led by auto makers and part suppliers: Tesla +3.42%, Aptiv +1.32%, GM +1.27%.
  • Conversely, Real Estate and Utilities sectors continued to underperform in late trade, specialized REITS weighing on the former: Extra Storage -3.53%, American Tower -2.56%, Crown Castle -2.30%. Meanwhile, electricity providers weighed on the Utility sector: Pinnacle West -1.73%, Xcel Energy -1.68%, AES Corp -1.50%.
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  • Stocks are holding moderate gains late Friday, off this morning's post-data highs amid cautious positioning going into the weekend as Mideast tensions remain high. Currently, the Dow trades up 223.06 points (0.53%) at 42233.82, S&P E-Minis up 34.5 points (0.6%) at 5784.25, Nasdaq up 158.3 points (0.9%) at 18076.47.
  • Financial and Consumer Discretionary sectors outperformed in the second half, banks and financial services companies leading gainers: Discover Financial Services +5.20%, Capital One +4.77%, M&T Bank +3.35%, Wells Fargo +3.31%. Reminder, the next earnings cycle kicks off next week with Bank of NY Mellon, Wells Fargo, JP Morgan and Blackrock reporting next Friday.
  • The Consumer Discretionary outpaced the Energy sector in the second half, led by auto makers and part suppliers: Tesla +3.42%, Aptiv +1.32%, GM +1.27%.
  • Conversely, Real Estate and Utilities sectors continued to underperform in late trade, specialized REITS weighing on the former: Extra Storage -3.53%, American Tower -2.56%, Crown Castle -2.30%. Meanwhile, electricity providers weighed on the Utility sector: Pinnacle West -1.73%, Xcel Energy -1.68%, AES Corp -1.50%.