Список проголосовавших за комментарий " Midday Market Summary: S&P 500 Slightly Lower at Midday<p>Thursday's wait-and-see attitude has translated into range-bound action thus far in Friday's session, with the major averages having yet to deviate from their flat lines. The S&P 500 currently shows a slim loss of 0.1%.</p><p>There is a semblance of caution in the air--cyclical sectors are underperforming and Treasuries are up--but the slight apprehension has had a minimal impact on the market. Conversely, some earnings reports have shaken things up today, with a batch of tech names reporting between yesterday's close and today's open, including <strong>Alphabet</strong> (GOOGL 850.23, -6.88), <strong>Microsoft</strong> (MSFT 65.72, +1.45), and <strong>Intel</strong> (INTC 38.09, +0.52).</p><p>The tech sector (+0.4%) has been able to overcome Alphabet's below-consensus earnings, thanks in part to Microsoft's and Intel's better than expected top and bottom lines. Additionally, Intel's 1.3% advance has underpinned its fellow chipmakers thus far, pushing the PHLX Semiconductor Index higher by 0.9%.</p><p>Conversely, the energy sector (-1.2%) started the trading session in the hole after <strong>Chevron</strong> (CVX 113.83, -2.73) reported worse than expected top and bottom lines earlier this morning. Crude oil has also worked against the sector, losing 1.7%, as an uptick in U.S. production has outweighed the optimism surrounding OPEC/non-OPEC production cuts. The energy component currently trades at $52.82/bbl.</p><p>All-in-all most sectors trade in the red, with health care (+0.8%) and telecom services (+0.3%) the only sectors accompanying technology in the green. In addition to energy, financials (-0.5%), consumer discretionary (-0.5%), consumer staples (-0.7%), and real estate (-1.0%) have contributed to today's modest retreat. </p><p>U.S. Treasuries sit near their overnight highs, with the 10-yr yield down one basis point at 2.50%. However, Treasuries remain in negative territory for the week, having yet to recoup the big losses suffered on Tuesday and Wednesday.</p><p>Today's economic data included advance fourth quarter GDP, December Durable Orders, and the final reading of the University of Michigan Sentiment Index for January:</p><ul><li>Advance fourth quarter GDP pointed to an expansion of 1.9%, while the Briefing.com consensus expected a reading of 2.2%. The fourth quarter GDP Deflator came in at 2.1%, which is what the Briefing.com consensus expected.<ul><li>The key takeaway from this report is that fourth quarter activity revealed the strong third quarter growth was as an aberration, yet that point aside, the salient takeaway for many is that this is a backward-looking report and the markets have their sights set on a brighter economic outlook for 2017, which is expected to feature deregulation, tax reform, and infrastructure spending among other items.</li></ul></li><li>December durable goods orders declined 0.4%, while the Briefing.com consensus expected a 3.0% increase. The prior month's reading was revised to -4.8% (from -4.6%). Excluding transportation, durable orders rose 0.5% (Briefing.com consensus +0.5%) to follow the prior month's revised gain of 1.0% (from 0.5%).<ul><li>The key takeaway from this report is that business investment remained on a positive trajectory.</li></ul></li><li>The final reading of the University of Michigan Consumer Sentiment Index for January rose to 98.5 (Briefing.com consensus 98.0) from 98.1 in the preliminary reading.<ul><li>The key takeaway from the report is that consumer confidence is rising on the back of an improved outlook for economic growth, job growth, and personal finances in the year ahead.</li></ul></li></ul>"