US STOCKS: Late Equities Roundup: Extending Lows Post FOMC Minutes

* Stocks not liking the minutes from the May 1 FOMC minutes, extending lows as

  markets focus on the Fed's willingness to hike if necessary to combat
  inflation -- nothing really new. Currently, the DJIA is down 243.38 points
  (-0.61%) at 39629.81, S&P E-Minis down 29.25 points (-0.55%) at 5316.5,
  Nasdaq down 91.3 points (-0.5%) at 16741.12.

* Energy and Materials sectors continued to underperform in late trade,

  equipment and services shares weighing on the former: Schlumberger -3.48%,
  Haliburton -3.0%, Baker Hughes -2.79%. Metals and mining shares weighed on
  the Materials sector: Freeport McMoRan -5.72%, Newmont -3.68%, Steel Dynamics
  Inc -1.35%.

* Health Care and Industrials sectors outperformed late, pharmaceuticals and

  biotech shares buoyed the Health Care sector: Moderna +10.81%, Pfizer +2.28%,
  J&J +1.48%. Service providers supported the Industrials sector: Dayforce
  +2.80%, Equifax +1.92%, Broadridge Financial Services +1.85%.

* Of note, the IT sector pared back first half support but individual chip

  stocks remained strong: First Solar +16.2%, Analog Devices +9.09% as a strong
  outlook outweighed revenue decline, Enphase +8.36%. Reminder, Nvidia and

Synopsys report earnings after the close.