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US STOCKS: Late Equities Roundup: Media & IT Lead Stocks To New Record Highs

US STOCKS
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  • Stocks remained bid in post-FOMC rate cut trade, S&P Eminis breaching psychological resistance of 6000.00 to a record 6013.0 high. Nasdaq also extending session highs (19,301.70) while the DJIA tapped 43,823.1 in late trade. Currently, the DJIA trades up 73.61 points (0.17%) at 43801.83, S&P E-Minis up 51.5 points (0.86%) at 6009.5, Nasdaq up 306.1 points (1.6%) at 19289.84.
  • Communication Services and Information Technology sectors outperformed in late trade, interactive media and entertainment shares buoyed the Communication sector: Warner Brothers +11.16% despite missing estimates as investors focus record subscriber adds. Meanwhile, Take-Two Interactive Software gained 6.91% after beating earnings estimates, Meta +3.61% while Alphabet gained 2.35%. 
  • Meanwhile, Information Technology gained in the second half, led by semiconductor and hardware stocks: after beating earnings expectations this morning, EPAM Systems surged +14.42%, Super Micro Computer +13.04% as investors bought yesterday's lows, ANSYS Inc +5.06 while Intel gained 4.83%.
  • Conversely, Financial and Energy sectors underperformed in the first half, banks weighing on the Financial sector as paper took profits after Wednesday's rally: Citizens Financial -4.14%, JP Morgan -4.05% after gaining over 10.5% yesterday, KeyCorp -3.96%. Oil and servicer shares weighed on the Energy sector: APA Corp -9.70% after missing earnings expectations late Wednesday, Halliburton -3.31%, Devon Energy -2.51%.
  • Corporate earning expected after the close include Block Inc, Insulet Corp, Expedia Group, Fortinet, Akamai Technologies, Rivian Automotive, Mettler-Toledo, Cloudflare, Lucid Group, Sweetgreen Inc, Arista Networks, Dropbox Inc, DraftKings, Archer Aviation, Pinterest, Airbnb Inc, Axon Enterprise, Motorola Solutions, ADMA Biologics, Myriad Genetics and Monster Beverage.
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  • Stocks remained bid in post-FOMC rate cut trade, S&P Eminis breaching psychological resistance of 6000.00 to a record 6013.0 high. Nasdaq also extending session highs (19,301.70) while the DJIA tapped 43,823.1 in late trade. Currently, the DJIA trades up 73.61 points (0.17%) at 43801.83, S&P E-Minis up 51.5 points (0.86%) at 6009.5, Nasdaq up 306.1 points (1.6%) at 19289.84.
  • Communication Services and Information Technology sectors outperformed in late trade, interactive media and entertainment shares buoyed the Communication sector: Warner Brothers +11.16% despite missing estimates as investors focus record subscriber adds. Meanwhile, Take-Two Interactive Software gained 6.91% after beating earnings estimates, Meta +3.61% while Alphabet gained 2.35%. 
  • Meanwhile, Information Technology gained in the second half, led by semiconductor and hardware stocks: after beating earnings expectations this morning, EPAM Systems surged +14.42%, Super Micro Computer +13.04% as investors bought yesterday's lows, ANSYS Inc +5.06 while Intel gained 4.83%.
  • Conversely, Financial and Energy sectors underperformed in the first half, banks weighing on the Financial sector as paper took profits after Wednesday's rally: Citizens Financial -4.14%, JP Morgan -4.05% after gaining over 10.5% yesterday, KeyCorp -3.96%. Oil and servicer shares weighed on the Energy sector: APA Corp -9.70% after missing earnings expectations late Wednesday, Halliburton -3.31%, Devon Energy -2.51%.
  • Corporate earning expected after the close include Block Inc, Insulet Corp, Expedia Group, Fortinet, Akamai Technologies, Rivian Automotive, Mettler-Toledo, Cloudflare, Lucid Group, Sweetgreen Inc, Arista Networks, Dropbox Inc, DraftKings, Archer Aviation, Pinterest, Airbnb Inc, Axon Enterprise, Motorola Solutions, ADMA Biologics, Myriad Genetics and Monster Beverage.