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US STOCKS: Late Equities Roundup: DJIA Continues to Outperform Eminis & Nasdaq

US STOCKS
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  • After extending record highs early Monday, stocks have scaled back support in the second half, the DJIA is well in the green vs. near steady to mildly lower S&P Eminis and Nasdaq stocks late in late trade. Overall volumes were rather subdued on the Veterans Day holiday, while participants traded cautiously ahead this week's CPI and PPI data on Wednesday and Thursday respectively. Currently, the DJIA trades up 342.6 points (0.78%) at 44330.11, S&P E-Minis up 2.5 points (0.04%) at 6027.75, Nasdaq down 17.1 points (-0.1%) at 19269.8.
  • Consumer Discretionary and Financials sectors lead gainers in the second half. Autos and a mix of consumer stocks continued to support the Consumer Discretionary sector with Tesla +8.6%, General Motors +3.35%, Ford +2.78% while Starbucks gained 3.41%, Wynn Resorts +3.16%. 
  • Banks and financial services stocks rebounded after trimming last week's gains last Friday, Charles Schwab +5.43%, PayPal +4.02%, Wells Fargo +3.51% while Prudential Financial gained 2.97%.
  • Information Technology and Real Estate sectors underperformed in late trade. Semiconductors weighed on the tech sector, most notably Monolithic Power -18.76% amid power supply management concerns for Nvidia high-end AI chips -- which weighed on sentiment for other chip stocks today with Microchip Technology -4.97%, Intel -4.81%, Enphase -4.33%.
  • Real estate investment trusts, particularly office and industrial REITs underperformed: American Tower -2.22%, Alexandria Real Estate -2.13, Iron Mountain -1.63%.
  • The latest earnings cycle is nearly over with a few big names expected this week: Live Nation Entertainment after today's close followed by: Home Depot, Hertz, Occidental Petroleum, Skyworks Solutions, Cisco, Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences.
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  • After extending record highs early Monday, stocks have scaled back support in the second half, the DJIA is well in the green vs. near steady to mildly lower S&P Eminis and Nasdaq stocks late in late trade. Overall volumes were rather subdued on the Veterans Day holiday, while participants traded cautiously ahead this week's CPI and PPI data on Wednesday and Thursday respectively. Currently, the DJIA trades up 342.6 points (0.78%) at 44330.11, S&P E-Minis up 2.5 points (0.04%) at 6027.75, Nasdaq down 17.1 points (-0.1%) at 19269.8.
  • Consumer Discretionary and Financials sectors lead gainers in the second half. Autos and a mix of consumer stocks continued to support the Consumer Discretionary sector with Tesla +8.6%, General Motors +3.35%, Ford +2.78% while Starbucks gained 3.41%, Wynn Resorts +3.16%. 
  • Banks and financial services stocks rebounded after trimming last week's gains last Friday, Charles Schwab +5.43%, PayPal +4.02%, Wells Fargo +3.51% while Prudential Financial gained 2.97%.
  • Information Technology and Real Estate sectors underperformed in late trade. Semiconductors weighed on the tech sector, most notably Monolithic Power -18.76% amid power supply management concerns for Nvidia high-end AI chips -- which weighed on sentiment for other chip stocks today with Microchip Technology -4.97%, Intel -4.81%, Enphase -4.33%.
  • Real estate investment trusts, particularly office and industrial REITs underperformed: American Tower -2.22%, Alexandria Real Estate -2.13, Iron Mountain -1.63%.
  • The latest earnings cycle is nearly over with a few big names expected this week: Live Nation Entertainment after today's close followed by: Home Depot, Hertz, Occidental Petroleum, Skyworks Solutions, Cisco, Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences.