October 29, 2024 19:20 GMT
US STOCKS: Late Equities Roundup: DJIA Continues to Lag Nasdaq, S&P Eminis
US STOCKS
- S&P Eminis and Nasdaq index continue to inch higher late Tuesday, the DJIA still lagging but off early session lows with oil and gas shares weighing. Stocks supported after this morning's dip in jobs data and a rise in consumer confidence buoyed sentiment. Currently, the DJIA trades down 86.47 points (-0.2%) at 42301.2, S&P E-Minis up 17.25 points (0.29%) at 5878.75, Nasdaq up 168 points (0.9%) at 18735.17.
- Communication Services and Information Technology continue to lead gainers in late trade, interactive media and entertainment shares supported the Communication sector: News Corp +3.09%, Meta +2.16% while Google gains 1.84%. Semiconductor stocks buoy the IT sector for the second day running: Monolithic Power +4.24%, Broadcom +3.78%, Advance Micro Devices +3.31% while Lam Research gains 2.90%.
- Conversely, Utilities and Energy sector shares weighed on broader markets in the first half, electricity and multi-energy providers weighing on the former: NexEra Energy -3.56%, AES Corp -2.64%, Eversource Energy -2.56%. Meanwhile, oil and gas shares weighed on the Energy sector: Phillips 66 -4.51%, Marathon Petroleum -4.02%, Valero -3.42%
- Corporate earnings expected after the close include: Stryker Corp, Chipotle, Visa, First Solar, Electronic Arts, Alphabet and Advanced Micro Devices.
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