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US STOCKS: Late Equities Roundup: Industrials, EVs Remain Under Pressure

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are drifting in moderately lower territory late Thursday, amid light profit taking as indexes remain near record highs tapped earlier in the week. Currently, the DJIA trades down 125.89 points (-0.29%) at 43832.74, S&P E-Minis down 23.75 points (-0.39%) at 5992, Nasdaq down 78.2 points (-0.4%) at 19151.79.
  • Industrials and Consumer Discretionary sectors underperformed in late trade, commercial and professional services weighed on the Industrials sector: despite winning US Army defense contract this week, Leidos Holdings -12.34%, Amentum -11.27%, Jacobs Solutions -5.59%.
  • Parts and auto makers weighed on Consumer Discretionary sector: while recall issues continued to plague the Cybertruck, Tesla -5.35% after agreeing with the incoming Trump cabinet to do away with the current $7,500 EV tax credit.
  • On the flipside, Utilities and Information Technology sectors outperformed in late trade, electricity providers supporting the Utility sector with AES Corp +5.14%, NextEra +2.46%, Eversource Energy +1.69%. Meanwhile, the IT sector continued to gyrate this week, semiconductor shares mostly higher: Enphase +8.18%, First Solar +6.74% Qualcomm +2.59%.
  • Conversely, Super Micro Computer weighed on the group: -11.07% after the Nasdaq posted on thier site: "Super Micro faces a critical deadline on November 16th to either file the delayed report or submit a plan for regaining compliance. If it fails to do so, the company risks being delisted from the Nasdaq."
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  • Stocks are drifting in moderately lower territory late Thursday, amid light profit taking as indexes remain near record highs tapped earlier in the week. Currently, the DJIA trades down 125.89 points (-0.29%) at 43832.74, S&P E-Minis down 23.75 points (-0.39%) at 5992, Nasdaq down 78.2 points (-0.4%) at 19151.79.
  • Industrials and Consumer Discretionary sectors underperformed in late trade, commercial and professional services weighed on the Industrials sector: despite winning US Army defense contract this week, Leidos Holdings -12.34%, Amentum -11.27%, Jacobs Solutions -5.59%.
  • Parts and auto makers weighed on Consumer Discretionary sector: while recall issues continued to plague the Cybertruck, Tesla -5.35% after agreeing with the incoming Trump cabinet to do away with the current $7,500 EV tax credit.
  • On the flipside, Utilities and Information Technology sectors outperformed in late trade, electricity providers supporting the Utility sector with AES Corp +5.14%, NextEra +2.46%, Eversource Energy +1.69%. Meanwhile, the IT sector continued to gyrate this week, semiconductor shares mostly higher: Enphase +8.18%, First Solar +6.74% Qualcomm +2.59%.
  • Conversely, Super Micro Computer weighed on the group: -11.07% after the Nasdaq posted on thier site: "Super Micro faces a critical deadline on November 16th to either file the delayed report or submit a plan for regaining compliance. If it fails to do so, the company risks being delisted from the Nasdaq."