Major indexes trading modestly weaker, inside narrow session range after the FI close, Communication Services and Information Technology sectors underperforming. SPX eminis currently trades -27.5 (-0.66%) at 4120.75; DJIA -56.64 (-0.17%) at 33871.06; Nasdaq -128.1 (-1.1%) at 11879.44.

• SPX leading/lagging sectors: Communication Services (-1.41%) continued to trade weak, weighed by media & entertainment shares: Activision off ahead Q4 earnings annc after the equity close (ATVI, -4.09%), DISH -2.75%, NWS -2.24%, Para -2.20%. Hardware and equipment makers weighed on IT: (FFIV -2.87%, HPQ -2.85%, TRMB -2.26%, STX -2.2%).
• Leaders: Utilities rallied late (+0.45%), outpacing Consumer Staples (-0.08%), Financials (-0.16%) and Consumer Discretionary both (-0.27%) the latter buoyed as Tesla continues to trade strong (TSLA +2.57%) while leisure product shares weighing on consumer durables and apparel.
• Dow Industrials Leaders/Laggers: McDonalds (MCD) +2.70 at 267.93, Caterpillar (CAT) +3.46 at 251.22, Travelers (TRV) +3.15 at 185.91. Laggers: Apple (APPL) -2.75 at 151.75, Home Depot (HD) -2.57 at 328.93 and American Express (AXP) -2.51 at 176.35