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US STOCKS: Late Equities Roundup: FERC Rejects Amazon Nuclear Power Plans

US STOCKS
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  • Stocks have bounced off midday lows, S&P Eminis and Nasdaq indexes near steady while the DJIA continues to trade in the red late Monday. Little has changed since the last summary with Utilities and Communication Services sectors underperforming. Currently, the DJIA trades down 251.64 points (-0.6%) at 41800.92, S&P E-Minis down 11.25 points (-0.2%) at 5746.75, Nasdaq down 25.4 points (-0.1%) at 18214.46.
  • Event risk tied to Tuesday's Presidential election and Thursday's FOMC rate decision has many accounts close to the sidelines, while the current earnings cycle still has a way to go. Expected after today's close: Diamondback Energy, AIG, Illumina, Vertex Pharmaceuticals, Wynn Resorts and Palantir Technology.
  • Independent power and multi-energy providers weighed on the Utility sector after the Federal Energy Regulatory Commission voted against a proposed deal for a nuclear plant to be restarted to power an Amazon data center: Constellation Energy -11.51%, Public Service Enterprise Group -6.52, Vistra -3.01%. Interactive media and entertainment shares continued to weigh on the Communication Services sector: Comcast -2.16%, Alphabet -1.01%, Paramount -0.96%.
  • Conversely, Energy and Real Estate sectors led gainers, oil and gas stocks underpinned by a rise in crude prices (WTI +2.01 at 71.50): EQT +4.10%, Exxon Mobil +2.76%, Diamondback Energy +2.4%. Real Estate investment trusts gaining: Simon Property Group +1.68%, UDR Inc +1.62%.
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  • Stocks have bounced off midday lows, S&P Eminis and Nasdaq indexes near steady while the DJIA continues to trade in the red late Monday. Little has changed since the last summary with Utilities and Communication Services sectors underperforming. Currently, the DJIA trades down 251.64 points (-0.6%) at 41800.92, S&P E-Minis down 11.25 points (-0.2%) at 5746.75, Nasdaq down 25.4 points (-0.1%) at 18214.46.
  • Event risk tied to Tuesday's Presidential election and Thursday's FOMC rate decision has many accounts close to the sidelines, while the current earnings cycle still has a way to go. Expected after today's close: Diamondback Energy, AIG, Illumina, Vertex Pharmaceuticals, Wynn Resorts and Palantir Technology.
  • Independent power and multi-energy providers weighed on the Utility sector after the Federal Energy Regulatory Commission voted against a proposed deal for a nuclear plant to be restarted to power an Amazon data center: Constellation Energy -11.51%, Public Service Enterprise Group -6.52, Vistra -3.01%. Interactive media and entertainment shares continued to weigh on the Communication Services sector: Comcast -2.16%, Alphabet -1.01%, Paramount -0.96%.
  • Conversely, Energy and Real Estate sectors led gainers, oil and gas stocks underpinned by a rise in crude prices (WTI +2.01 at 71.50): EQT +4.10%, Exxon Mobil +2.76%, Diamondback Energy +2.4%. Real Estate investment trusts gaining: Simon Property Group +1.68%, UDR Inc +1.62%.