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US STOCKS: Late Equities Roundup: Off Lows Ahead Heavy Earnings Docket

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Still weaker, stocks bounced off late morning lows in the second half amid cautious two-way positioning. Focus on this week's heavy corporate earnings schedule.
  • Approximately 15% of the S&P 500 reporting this week (the largest week so far), focus shifts from financials to more notable reports across consumer discretionary, industrials and healthcare. Highlights in the coming week include General Electric, Coca-Cola and Tesla, while IBM and Texas Instruments provide first real look at Tech performance for the quarter.
  • Current index levels are still within last week's trading ranges: the Dow trading down 373.94 points (-0.86%) at 42902.94, S&P E-Minis down 22 points (-0.37%) at 5884.25, Nasdaq down 8.3 points (0%) at 18481.19.
  • Real Estate and Health Care sectors continued to underperform in late trade, industrial and office REITs weighing on the former: Prologis -3.76%, Extra Storage Space -3.73%, BXP Inc -2.98%. Pharmaceutical companies weighed on the Health Care sector: Biogen -3.0%, IQVIA Holdings -2.29%, Zoetis -1.82%.
  • On the flipside, Information Technology and Energy sectors led gainers ahead midday, semiconductor makers buoyed the former: Nvidia +3.01%, Super Micro Computer +2.26%, Arista Networks +1.20%. Petroleum services companies supported the Energy sector as crude prices gained (WTI +1.45 at 70.67): Schlumberger +1.99%, Occidental +0.46%, Hess +0.42%.
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  • Still weaker, stocks bounced off late morning lows in the second half amid cautious two-way positioning. Focus on this week's heavy corporate earnings schedule.
  • Approximately 15% of the S&P 500 reporting this week (the largest week so far), focus shifts from financials to more notable reports across consumer discretionary, industrials and healthcare. Highlights in the coming week include General Electric, Coca-Cola and Tesla, while IBM and Texas Instruments provide first real look at Tech performance for the quarter.
  • Current index levels are still within last week's trading ranges: the Dow trading down 373.94 points (-0.86%) at 42902.94, S&P E-Minis down 22 points (-0.37%) at 5884.25, Nasdaq down 8.3 points (0%) at 18481.19.
  • Real Estate and Health Care sectors continued to underperform in late trade, industrial and office REITs weighing on the former: Prologis -3.76%, Extra Storage Space -3.73%, BXP Inc -2.98%. Pharmaceutical companies weighed on the Health Care sector: Biogen -3.0%, IQVIA Holdings -2.29%, Zoetis -1.82%.
  • On the flipside, Information Technology and Energy sectors led gainers ahead midday, semiconductor makers buoyed the former: Nvidia +3.01%, Super Micro Computer +2.26%, Arista Networks +1.20%. Petroleum services companies supported the Energy sector as crude prices gained (WTI +1.45 at 70.67): Schlumberger +1.99%, Occidental +0.46%, Hess +0.42%.