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US STOCKS: Late Equities Roundup: Extending Record Highs Into Weekend

US STOCKS
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  • Profit taking in Materials, Communication sectors was not enough to stem the tide of support for broader indexes as they continued to climb to record highs late Friday. Currently, the DJIA trades up 391.95 points (0.9%) at 44122.84, S&P E-Minis up 31.5 points (0.52%) at 6035.5, Nasdaq up 34.9 points (0.2%) at 19305.35.
  • Real Estate and Utility sectors continued to lead gainers in late trade, estate management stocks supporting the Real Estate sector: CBRE Group +3.60%, CoStar Group +1.35%. Residential and specialized REITs also traded strong Friday: Camden Property Trust +3.47%, Mid-America Apt Community +3.44%, AvalonBay +3.06%.
  • Independent power providers buoyed the Utility sector: Vistra +3.99%, Ameren Corp +3.83%, CenterPoint Energy +3.44%.
  • As noted, profit taking in Materials, Communication Services sectors weighed on broader markets. Metal and mining stocks weighed on the Materials sector: Freeport-McMoRan -5.52%, Celanese -4.27%, Dow Inc -4.05%.
  • Interactive media and entertainment stocks scaled back from Thursday gains: Paramount Global -4.25%, Warner Bros -3.04% while Match Group declined 2.81%.
  • The latest earnings cycle is nearly over with a few big names expected next week: Home Depot, Live Nation Entertainment, Hertz, Occidental Petroleum, Skyworks Solutions, Cisco, Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences.
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  • Profit taking in Materials, Communication sectors was not enough to stem the tide of support for broader indexes as they continued to climb to record highs late Friday. Currently, the DJIA trades up 391.95 points (0.9%) at 44122.84, S&P E-Minis up 31.5 points (0.52%) at 6035.5, Nasdaq up 34.9 points (0.2%) at 19305.35.
  • Real Estate and Utility sectors continued to lead gainers in late trade, estate management stocks supporting the Real Estate sector: CBRE Group +3.60%, CoStar Group +1.35%. Residential and specialized REITs also traded strong Friday: Camden Property Trust +3.47%, Mid-America Apt Community +3.44%, AvalonBay +3.06%.
  • Independent power providers buoyed the Utility sector: Vistra +3.99%, Ameren Corp +3.83%, CenterPoint Energy +3.44%.
  • As noted, profit taking in Materials, Communication Services sectors weighed on broader markets. Metal and mining stocks weighed on the Materials sector: Freeport-McMoRan -5.52%, Celanese -4.27%, Dow Inc -4.05%.
  • Interactive media and entertainment stocks scaled back from Thursday gains: Paramount Global -4.25%, Warner Bros -3.04% while Match Group declined 2.81%.
  • The latest earnings cycle is nearly over with a few big names expected next week: Home Depot, Live Nation Entertainment, Hertz, Occidental Petroleum, Skyworks Solutions, Cisco, Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences.