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US STOCKS: Late Equities Roundup: Remain Off Early Session Lows

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks remain modestly mixed after drifting off early Monday lows, S&P Eminis and Nasdaq indexes still outperforming the DJIA in late trade. Currently, DJIA trades down 99.99 points (-0.22%) at 44810.18, S&P E-Minis up 6.5 points (0.11%) at 6058, Nasdaq up 154.5 points (0.8%) at 19372.55.
  • Communication Services, Consumer Discretionary and Information Technology sectors continued to lead gainers in late trade, interactive media and entertainment stocks supported the Communication Services sector: Meta Platforms +2.84%, Alphabet +1.45% while Netflix trades +0.97%. The Discretionary sector was supported by a mix of cruise lines and casinos: Norwegian +4.28%, Las Vegas Sands +3.49%, Carnival +2.44%.
  • Meanwhile, the tech sector saw broad gains in a variety of hardware, chip and software stocks: Super Micro Computer continued to trade in double digit ranges, up 28.52% after a special committee found no evidence of accounting misconduct, while the current CFO will be stepping down. Elsewhere, Lam Research +5.55%, Applied Materials +4.63%, Enphase +4.32%.
  • On the flipside, Utilities and Energy sectors underperformed in the first half, electricity and independent power providers weighing on the later: PG&E -4.67% after announcing a $1.2B public offering, Exelon -2.88%, Vistra -2.86%. Oil and gas stocks continue to trade weaker: Texas Pacific -6.25%, Targa Resources -4.57%, , Williams -2.80%.
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  • Stocks remain modestly mixed after drifting off early Monday lows, S&P Eminis and Nasdaq indexes still outperforming the DJIA in late trade. Currently, DJIA trades down 99.99 points (-0.22%) at 44810.18, S&P E-Minis up 6.5 points (0.11%) at 6058, Nasdaq up 154.5 points (0.8%) at 19372.55.
  • Communication Services, Consumer Discretionary and Information Technology sectors continued to lead gainers in late trade, interactive media and entertainment stocks supported the Communication Services sector: Meta Platforms +2.84%, Alphabet +1.45% while Netflix trades +0.97%. The Discretionary sector was supported by a mix of cruise lines and casinos: Norwegian +4.28%, Las Vegas Sands +3.49%, Carnival +2.44%.
  • Meanwhile, the tech sector saw broad gains in a variety of hardware, chip and software stocks: Super Micro Computer continued to trade in double digit ranges, up 28.52% after a special committee found no evidence of accounting misconduct, while the current CFO will be stepping down. Elsewhere, Lam Research +5.55%, Applied Materials +4.63%, Enphase +4.32%.
  • On the flipside, Utilities and Energy sectors underperformed in the first half, electricity and independent power providers weighing on the later: PG&E -4.67% after announcing a $1.2B public offering, Exelon -2.88%, Vistra -2.86%. Oil and gas stocks continue to trade weaker: Texas Pacific -6.25%, Targa Resources -4.57%, , Williams -2.80%.