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US STOCKS: Late Equities Roundup: S&Ps. DJIA Drift Near Record Highs

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are holding near this morning's record highs late Friday, the Dow currently trading up 379.46 points (0.89%) at 42833.62, S&P E-Minis up 33 points (0.57%) at 5862.25, Nasdaq up 73.7 points (0.4%) at 18356.25.
  • S&P Eminis and the DJIA indexes marked new all-time-highs of 5,865.25 and 42,832.21 respectively in the first half, while the Nasdaq still remains off mid-July all-time highs (18,671.07). Mixed PPI results notwithstanding, month-over-month metrics eased while year-over-year gained, focus turned to corporate earnings with banks leading gainers in the first half.
  • Beating estimates ahead of the open, Wells Fargo trades 6.13% higher in late trade, JP Morgan +5.16%, Blackrock +3.39%. Gains helped Bank of America +5.04% ahead of their release next Tuesday, Citigroup +3.64%, Goldman Sachs +2.37%.
  • Industrials were next up, supported by transportation stocks with Uber climbing 10.77% after Tesla's "Robotaxi" presentation failed to wow investors. Elsewhere, Old Dominion gained 2.42% while JB Hunt climbed 2.8%.
  • Laggers meanwhile, were led by Consumer Discretionary and Information Technology sectors as they scaled back gains from the week. Tesla weighed on autos -8.33% on the aforementioned Robotaxi reveal while Nike slipped 0.21%. Meanwhile, Broadcom -2.53%, Palantir -1.68% Adobe -1.38% weighed on the IT sector.
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  • Stocks are holding near this morning's record highs late Friday, the Dow currently trading up 379.46 points (0.89%) at 42833.62, S&P E-Minis up 33 points (0.57%) at 5862.25, Nasdaq up 73.7 points (0.4%) at 18356.25.
  • S&P Eminis and the DJIA indexes marked new all-time-highs of 5,865.25 and 42,832.21 respectively in the first half, while the Nasdaq still remains off mid-July all-time highs (18,671.07). Mixed PPI results notwithstanding, month-over-month metrics eased while year-over-year gained, focus turned to corporate earnings with banks leading gainers in the first half.
  • Beating estimates ahead of the open, Wells Fargo trades 6.13% higher in late trade, JP Morgan +5.16%, Blackrock +3.39%. Gains helped Bank of America +5.04% ahead of their release next Tuesday, Citigroup +3.64%, Goldman Sachs +2.37%.
  • Industrials were next up, supported by transportation stocks with Uber climbing 10.77% after Tesla's "Robotaxi" presentation failed to wow investors. Elsewhere, Old Dominion gained 2.42% while JB Hunt climbed 2.8%.
  • Laggers meanwhile, were led by Consumer Discretionary and Information Technology sectors as they scaled back gains from the week. Tesla weighed on autos -8.33% on the aforementioned Robotaxi reveal while Nike slipped 0.21%. Meanwhile, Broadcom -2.53%, Palantir -1.68% Adobe -1.38% weighed on the IT sector.