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US STOCKS: Record Highs Tempered by Profit Taking in Financials

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks extended the post-election rally to new all-time highs early Thursday, a pull-back in bank stocks after Wednesday's surge higher saw the DJIA trading mildly weaker ahead midday. Earnings misses helped temper the rally while some desks reevaluate the scope and breadth of a Trump administration next year. Currently, the DJIA trades down 5.55 points (-0.01%) at 43721.9, S&P E-Minis up 36.25 points (0.61%) at 5994.5, Nasdaq up 246.2 points (1.3%) at 19228.88.
  • Communication Services and Consumer Discretionary sectors outperformed in the first half, interactive media and entertainment shares buoyed the Communication sector: Warner Brothers +10.86% despite missing estimates as investors focus record subscriber adds. Meanwhile, Take-Two Interactive Software gained 5.34% after beating earnings estimates, Meta +3.19% while Alphabet gained 1.61%. The Consumer Discretionary sector was supported by Ralph Lauren +5.42%, Deckers Outdoor +4.4%, Tapestry +4.12%.
  • Conversely, Financial and Energy sectors underperformed in the first half, banks weighing on the Financial sector as paper took profits after Wednesday's rally: JP Morgan -4.08% after gaining over 10.5% yesterday, KeyCorp -3.53%, Citizens Financial -3.48%. Oil and servicer shares weighed on the Energy sector: APA Corp -10.03% after missing earnings expectations late Wednesday, Halliburton -3.74%, Devon Energy -2.80%.
  • Corporate earning expected after the close include Block Inc, Insulet Corp, Expedia Group, Fortinet, Akamai Technologies, Rivian Automotive, Mettler-Toledo, Cloudflare, Lucid Group, Sweetgreen Inc, Arista Networks, Dropbox Inc, DraftKings, Archer Aviation, Pinterest, Airbnb Inc, Axon Enterprise, Motorola Solutions, ADMA Biologics, Myriad Genetics and Monster Beverage.
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  • Stocks extended the post-election rally to new all-time highs early Thursday, a pull-back in bank stocks after Wednesday's surge higher saw the DJIA trading mildly weaker ahead midday. Earnings misses helped temper the rally while some desks reevaluate the scope and breadth of a Trump administration next year. Currently, the DJIA trades down 5.55 points (-0.01%) at 43721.9, S&P E-Minis up 36.25 points (0.61%) at 5994.5, Nasdaq up 246.2 points (1.3%) at 19228.88.
  • Communication Services and Consumer Discretionary sectors outperformed in the first half, interactive media and entertainment shares buoyed the Communication sector: Warner Brothers +10.86% despite missing estimates as investors focus record subscriber adds. Meanwhile, Take-Two Interactive Software gained 5.34% after beating earnings estimates, Meta +3.19% while Alphabet gained 1.61%. The Consumer Discretionary sector was supported by Ralph Lauren +5.42%, Deckers Outdoor +4.4%, Tapestry +4.12%.
  • Conversely, Financial and Energy sectors underperformed in the first half, banks weighing on the Financial sector as paper took profits after Wednesday's rally: JP Morgan -4.08% after gaining over 10.5% yesterday, KeyCorp -3.53%, Citizens Financial -3.48%. Oil and servicer shares weighed on the Energy sector: APA Corp -10.03% after missing earnings expectations late Wednesday, Halliburton -3.74%, Devon Energy -2.80%.
  • Corporate earning expected after the close include Block Inc, Insulet Corp, Expedia Group, Fortinet, Akamai Technologies, Rivian Automotive, Mettler-Toledo, Cloudflare, Lucid Group, Sweetgreen Inc, Arista Networks, Dropbox Inc, DraftKings, Archer Aviation, Pinterest, Airbnb Inc, Axon Enterprise, Motorola Solutions, ADMA Biologics, Myriad Genetics and Monster Beverage.