Stocks hold moderately weaker by the bell, narrow range since reversing support after latest JOLTS data shows labor market remains tight - dampening speculation over step-down to 50bp hike at Dec FOMC. Consumer Discretionary and Communication Services sectors underperforming late. SPX eminis currently trading -9.5 (-0.24%) at 3874; DJIA -28.54 (-0.09%) at 32706.85; Nasdaq - 65.6 (-0.6%) at 10923.09.
- SPX leading/lagging sectors: Laggers: Consumer Discretionary (-1.27) and Communication Services (-1.25%) sectors underperformed while Information Technology recovered slightly (-0.50%). Google -3.76%, Netflix -1.58%. Leaders: Energy sector (+1.34%) w/oil&gas shares outperforming equipment and servicer names. Financials (+0.51%) and Real Estate (+0.29%) follow.
- Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +3.15 at 347.66, Caterpillar (CAT) +2.28 at 218.74, Chevron (CVX) +2.24 at 183.14. Laggers: United Health (UNH) -7.49 at 547.66, Microsoft (MSFT) -3.66 at 228.47, Apple (AAPL) -2.65 at 150.65