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US STOCKS: Late Equities Roundup: Oil & Gas Still Leads Even as Risk Off Cools

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks have bounced off session lows as risk-off sentiment abates in late trade, Treasury futures receded from session highs after IDF officials reported "no additional threats" after Iran missile attack largely intercepted in transit to Israel and Israelis allowed to exit shelters. Nasdaq lagging the Dow and Eminis as the two are close to unchanged in late trade.
  • Currently, the DJIA is down 22.51 points (-0.05%) at 42308.14, S&P E-Minis down 35.5 points (-0.61%) at 5779.25, Nasdaq down 218.9 points (-1.2%) at 17970.35.
  • Stocks had bounced off lows earlier as the Middle East conflict helped crude prices jump (WTI marking 71.30 high) in turn supporting oil and gas shares. The dynamic continues in late trade even though WTI crude has scaled back support (WTO trading 69.75).
  • Leading gainers in the Energy sector included APA Corp +4.5%, Marathon +3.38%, ConocoPhillips +3.33% while Occidental Petroleum gained 3.28%. Independent Power sector shares continued to outperform: Vistra +3.02%, Pinnacle West +1.85%, Constellation Energy +1.83%.
  • On the flipside, Information Technology and and Real Estate sectors underperformed in late trade. Hardware and semiconductor stocks weighed on IT: HP Inc -3.44%, Dell -3.53%, Apple -3.19% while Intel trades -2.98%. Investment trusts, particularly Industrial and Residential REITs weighed on the Real Estate sector: Prologis -1.60%, Federal Realty Inv -1.48%, Alexandra Real Estate -1.46%.
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  • Stocks have bounced off session lows as risk-off sentiment abates in late trade, Treasury futures receded from session highs after IDF officials reported "no additional threats" after Iran missile attack largely intercepted in transit to Israel and Israelis allowed to exit shelters. Nasdaq lagging the Dow and Eminis as the two are close to unchanged in late trade.
  • Currently, the DJIA is down 22.51 points (-0.05%) at 42308.14, S&P E-Minis down 35.5 points (-0.61%) at 5779.25, Nasdaq down 218.9 points (-1.2%) at 17970.35.
  • Stocks had bounced off lows earlier as the Middle East conflict helped crude prices jump (WTI marking 71.30 high) in turn supporting oil and gas shares. The dynamic continues in late trade even though WTI crude has scaled back support (WTO trading 69.75).
  • Leading gainers in the Energy sector included APA Corp +4.5%, Marathon +3.38%, ConocoPhillips +3.33% while Occidental Petroleum gained 3.28%. Independent Power sector shares continued to outperform: Vistra +3.02%, Pinnacle West +1.85%, Constellation Energy +1.83%.
  • On the flipside, Information Technology and and Real Estate sectors underperformed in late trade. Hardware and semiconductor stocks weighed on IT: HP Inc -3.44%, Dell -3.53%, Apple -3.19% while Intel trades -2.98%. Investment trusts, particularly Industrial and Residential REITs weighed on the Real Estate sector: Prologis -1.60%, Federal Realty Inv -1.48%, Alexandra Real Estate -1.46%.