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US STOCKS: Late Equities Roundup: Dow Underperforming

US STOCKS
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  • Dow Industrials traded weaker, near session lows late Wednesday while S&P Eminis and Nasdaq indexes see-sawed +/-10.0 around steady. Relatively subdued trade as accounts await more substantive data to trade off of such as next week's September employment data to gauge the Fed's next move for rates. Currently, the DJIA is down 252.86 points (-0.6%) at 41956.01, S&P E-Minis down 11.5 points (-0.2%) at 5780.25, Nasdaq up 6.7 points (0%) at 18081.26.
  • Utilities and Information Technology sectors continued to lead gainers in late trade, independent and electricity providers supported the former: Vistra +6.90%, Constellation Energy +4.56%, AES Corp +2.59%. Semiconductor stocks buoyed the IT sector for the second day running: Hewlett Packarrd +4.85%, Intel +3.49%, AMD +2.55%.
  • Conversely, Energy and Health Care sectors continued to underperform, crude prices coming off recent highs (WTI -1.88 at 69.68) likely weighing on O&G shares: Haliburton -3.6%, Diamondback Energy -2.51%, Schlumberger -2.58%. Pharmaceuticals weighed on the Health Care sector: Amgen -4.97%, IQVIA Holdings -3.64%, Charles River Labs -3.42%.
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  • Dow Industrials traded weaker, near session lows late Wednesday while S&P Eminis and Nasdaq indexes see-sawed +/-10.0 around steady. Relatively subdued trade as accounts await more substantive data to trade off of such as next week's September employment data to gauge the Fed's next move for rates. Currently, the DJIA is down 252.86 points (-0.6%) at 41956.01, S&P E-Minis down 11.5 points (-0.2%) at 5780.25, Nasdaq up 6.7 points (0%) at 18081.26.
  • Utilities and Information Technology sectors continued to lead gainers in late trade, independent and electricity providers supported the former: Vistra +6.90%, Constellation Energy +4.56%, AES Corp +2.59%. Semiconductor stocks buoyed the IT sector for the second day running: Hewlett Packarrd +4.85%, Intel +3.49%, AMD +2.55%.
  • Conversely, Energy and Health Care sectors continued to underperform, crude prices coming off recent highs (WTI -1.88 at 69.68) likely weighing on O&G shares: Haliburton -3.6%, Diamondback Energy -2.51%, Schlumberger -2.58%. Pharmaceuticals weighed on the Health Care sector: Amgen -4.97%, IQVIA Holdings -3.64%, Charles River Labs -3.42%.