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US STOCKS: Paring Second Half Losses

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are bouncing off second half lows late Tuesday, in-line with position squaring theme ahead key CPI inflation and PPI data the next two sessions. Currently, the DJIA trades down 238.57 points (-0.54%) at 44055.9, S&P E-Minis down 6 points (-0.1%) at 6025.75, Nasdaq up 7.5 points (0%) at 19305.07.
  • Materials and Utilities sectors continued to underperform in late trade, metals and mining stocks weighing on the former: Mosaic -8.24%, Albemarle -5.82%, FMC Corp -5.65%. Independent energy providers weighed on the Utility sector: Constellation -4.01%, AES -3.60%, Vistra -3.47%, NRG Energy -2.83%.
  • On the flipside, Information Technology and Communication Services outperform in late trade, semiconductor stocks rebounding from Monday's sell-off: Adobe +4.53%, Nvidia +2.18%, Fortinet +1.90%. Interactive media and entertainment buoyed the Communication Services sector: Live Nation +4.14%, Fox Corp +2.26%, News Corp +1.68% and Netflix +1.32%.
  • Earnings expected after today's close: Occidental Petroleum, Skyworks Solutions. Cisco expected late Wednesday, followed by Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences on Thursday.
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  • Stocks are bouncing off second half lows late Tuesday, in-line with position squaring theme ahead key CPI inflation and PPI data the next two sessions. Currently, the DJIA trades down 238.57 points (-0.54%) at 44055.9, S&P E-Minis down 6 points (-0.1%) at 6025.75, Nasdaq up 7.5 points (0%) at 19305.07.
  • Materials and Utilities sectors continued to underperform in late trade, metals and mining stocks weighing on the former: Mosaic -8.24%, Albemarle -5.82%, FMC Corp -5.65%. Independent energy providers weighed on the Utility sector: Constellation -4.01%, AES -3.60%, Vistra -3.47%, NRG Energy -2.83%.
  • On the flipside, Information Technology and Communication Services outperform in late trade, semiconductor stocks rebounding from Monday's sell-off: Adobe +4.53%, Nvidia +2.18%, Fortinet +1.90%. Interactive media and entertainment buoyed the Communication Services sector: Live Nation +4.14%, Fox Corp +2.26%, News Corp +1.68% and Netflix +1.32%.
  • Earnings expected after today's close: Occidental Petroleum, Skyworks Solutions. Cisco expected late Wednesday, followed by Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences on Thursday.