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US STOCKS: Late Equities Roundup: IT, Communication Services Continue to Lead

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks continue to climb off early session lows, S&P Eminis and Nasdaq indexes still outperforming modestly weaker DJIA late Tuesday. Currently, the DJIA trades down 160.92 points (-0.37%) at 43228.04, S&P E-Minis up 9.25 points (0.16%) at 5929.25, Nasdaq up 140 points (0.7%) at 18930.95.
  • Information Technology and Communication Services sectors led gainers in late trade, IT most notably led by Super Micro Computer that gapped more than 40% higher in early trade after the company hired a new auditor and filed plans to come into listing compliance with the Nasdaq. Off highs, Super Micro Computer was +31.34%, Nvidia +3.87%, Crowdstrike Holdings +2.56%.
  • The Communication Services sector was buoyed by interactive media and entertainment shares: Netflix +2.96%, Alphabet +1.59%, Warner Bros +1.11%.
  • On the flipside, Energy and Financial sectors underperformed in lat etrade, Oil and gas stocks weighed on the Energy sector even as crude prices rebounded (WTI +0.14 at 69.30): APA Corp -2.09%, Devon Energy -1.91%, Schlumberger -1.62%.
  • Insurance companies weighed on the Financials sector: Prudential Financial -2.51%, Principle Financial -1.82%, Chubb -1.43%.
  • Big names still to report earnings this week include: Target, Williams-Sonoma, TJX, Nvidia, Palo Alto Networks, Intuit, Copart and the Gap.
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  • Stocks continue to climb off early session lows, S&P Eminis and Nasdaq indexes still outperforming modestly weaker DJIA late Tuesday. Currently, the DJIA trades down 160.92 points (-0.37%) at 43228.04, S&P E-Minis up 9.25 points (0.16%) at 5929.25, Nasdaq up 140 points (0.7%) at 18930.95.
  • Information Technology and Communication Services sectors led gainers in late trade, IT most notably led by Super Micro Computer that gapped more than 40% higher in early trade after the company hired a new auditor and filed plans to come into listing compliance with the Nasdaq. Off highs, Super Micro Computer was +31.34%, Nvidia +3.87%, Crowdstrike Holdings +2.56%.
  • The Communication Services sector was buoyed by interactive media and entertainment shares: Netflix +2.96%, Alphabet +1.59%, Warner Bros +1.11%.
  • On the flipside, Energy and Financial sectors underperformed in lat etrade, Oil and gas stocks weighed on the Energy sector even as crude prices rebounded (WTI +0.14 at 69.30): APA Corp -2.09%, Devon Energy -1.91%, Schlumberger -1.62%.
  • Insurance companies weighed on the Financials sector: Prudential Financial -2.51%, Principle Financial -1.82%, Chubb -1.43%.
  • Big names still to report earnings this week include: Target, Williams-Sonoma, TJX, Nvidia, Palo Alto Networks, Intuit, Copart and the Gap.