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US STOCKS: Late Equities Roundup: Firmer Ahead FOMC Minutes

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are trading firmer, at or near late session highs as shorts covered ahead of Wednesday's FOMC minutes release for the September meeting, the CPI and PPI on Thursday and Friday respectively, and finally the start of the next equity earnings cycle that kicks off Friday with Bank of NY Mellon, Wells Fargo, JP Morgan and Blackrock.
  • Currently, the Dow is trading up 112.97 points (0.27%) at 42067.92, S&P E-Minis up 49 points (0.85%) at 5793.5, Nasdaq up 223.9 points (1.2%) at 18147.9.
  • Information Technology and Consumer Discretionary sectors continued to outperform in late trade, semiconductor stocks supporting the IT sector: Nvidia +3.79%, Intel +3.22% Broadcom +2.69%. Cruise lines actually led the Discretionary sector: Carnival Cruise +3.66%, Norwegian Cruise +2.69%, Royal Caribbean +2.39%.
  • On the flipside, Energy and Materials sectors remained weaker in the second half with a sharp decline in crude prices (WTI -3.30 at 73.84) weighed on oil and gas shares: Marathon Oil -7.48%, Valero -4.79%, Phillips66 -3.88%. Meanwhile, weaker Gold (-28.19 at 2614.40) metals and mining shares traded weaker, Freeport-McMoRan -4.73%, Nucor -2.93%, Steel Dynamics -2.44%.
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  • Stocks are trading firmer, at or near late session highs as shorts covered ahead of Wednesday's FOMC minutes release for the September meeting, the CPI and PPI on Thursday and Friday respectively, and finally the start of the next equity earnings cycle that kicks off Friday with Bank of NY Mellon, Wells Fargo, JP Morgan and Blackrock.
  • Currently, the Dow is trading up 112.97 points (0.27%) at 42067.92, S&P E-Minis up 49 points (0.85%) at 5793.5, Nasdaq up 223.9 points (1.2%) at 18147.9.
  • Information Technology and Consumer Discretionary sectors continued to outperform in late trade, semiconductor stocks supporting the IT sector: Nvidia +3.79%, Intel +3.22% Broadcom +2.69%. Cruise lines actually led the Discretionary sector: Carnival Cruise +3.66%, Norwegian Cruise +2.69%, Royal Caribbean +2.39%.
  • On the flipside, Energy and Materials sectors remained weaker in the second half with a sharp decline in crude prices (WTI -3.30 at 73.84) weighed on oil and gas shares: Marathon Oil -7.48%, Valero -4.79%, Phillips66 -3.88%. Meanwhile, weaker Gold (-28.19 at 2614.40) metals and mining shares traded weaker, Freeport-McMoRan -4.73%, Nucor -2.93%, Steel Dynamics -2.44%.