US STOCKS: Midday Equities Roundup: Consolidating Ahead of Weekend
May-09 15:24
Stocks consolidated in late Friday morning, squaring up ahead of the weekend, markets are in the middle of unwinding Thursday's post-US/UK trade "breakthrough" and Pres Trump's buy stocks endorsement.
Currently, the DJIA trades down 120.69 points (-0.29%) at 41250.05, S&P E-Minis down 7.75 points (-0.14%) at 5678, Nasdaq down 5 points (0%) at 17925.31.
Consumer Staples and Industrial sectors underperformed in the first half, laggers in the former included Altria Group -1.13%, Tyson Foods -1.10%, Walmart -1.08%, Philip Morris -1.00% and Target -0.77%.
Weighing on the industrials sector: Dayforce -3.14%, United Airlines -1.65%, RTX -1.54%, Northrop Grumman -1.40% and Lockheed Martin -0.99%.
On the positive side, Energy and Consumer Discretionary sectors outperformed in the first half, oil and gas shares buoyed the Energy sector as crude prices continued to march higher (WTI +0.70 at 60.61): EQT +2.53%, Expand Energy +2.21%, APA +1.55%, Devon Energy +1.35%, Exxon Mobil +0.91% and Diamondback Energy +0.89%.
Meanwhile, auto shares buoyed the Discretionary sector: Tesla +5.31%, Aptiv +1.80%, Ford Motor +1.70% and AutoZone +0.70%.