- Stocks are treading water by late morning, the DJIA outperforming after Wednesday morning's in-line CPI data rekindled dovish monetary policy hopes. Risk on support was rather tepid, however, with S&P Eminis and Nasdaq indexes paring gains to await Thursday's PPI inflation data. Currently, the DJIA trades up 194.23 points (0.44%) at 44103.86, S&P E-Minis up 10.75 points (0.18%) at 6023, Nasdaq down 10.9 points (-0.1%) at 19269.85.
- Real Estate and Consumer Discretionary sectors outperformed in the first half, industrial and residential REITs supporting the Real Estate sector: Prologis +2.47%, Camden Property Trust +2.41%, UDR Inc +2.39%. Retail distribution shares buoyed the Consumer Discretionary sector: CarMax +2.03%, the Home Depot +1.64% while Amazon gained 1.58%.
- Communication Services and Information Technology sectors underperformed as they pared prior session gains, interactive media and entertainment shares weighing on the former: Live Nation -1.95%, Alphabet -1.13%, Fox Corp -0.92%. Meanwhile, semiconductor stocks continue to gyrate this week, scaling back yesterday's bounce: Monolithic Power -4.43%, Skyworks Solutions -4.06%, Micron Technology -3.15%.
- Earnings expected after today's close: Tetra Tech and Cisco, followed by Walt Disney and Applied Materials Thursday.
US STOCKS: Equities Roundup: DJIA Leads Gainers After In-Line CPI
Last updated at:Nov-13 16:51By: Bill Sokolis
Stocks+ 1
- Stocks are treading water by late morning, the DJIA outperforming after Wednesday morning's in-line CPI data rekindled dovish monetary policy hopes. Risk on support was rather tepid, however, with S&P Eminis and Nasdaq indexes paring gains to await Thursday's PPI inflation data. Currently, the DJIA trades up 194.23 points (0.44%) at 44103.86, S&P E-Minis up 10.75 points (0.18%) at 6023, Nasdaq down 10.9 points (-0.1%) at 19269.85.
- Real Estate and Consumer Discretionary sectors outperformed in the first half, industrial and residential REITs supporting the Real Estate sector: Prologis +2.47%, Camden Property Trust +2.41%, UDR Inc +2.39%. Retail distribution shares buoyed the Consumer Discretionary sector: CarMax +2.03%, the Home Depot +1.64% while Amazon gained 1.58%.
- Communication Services and Information Technology sectors underperformed as they pared prior session gains, interactive media and entertainment shares weighing on the former: Live Nation -1.95%, Alphabet -1.13%, Fox Corp -0.92%. Meanwhile, semiconductor stocks continue to gyrate this week, scaling back yesterday's bounce: Monolithic Power -4.43%, Skyworks Solutions -4.06%, Micron Technology -3.15%.
- Earnings expected after today's close: Tetra Tech and Cisco, followed by Walt Disney and Applied Materials Thursday.
