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US STOCKS: Early Equities Roundup: Bouncing Off Morning Lows

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Major averages were still in the red by midmorning Thursday, but off recent lows as markets settled in after this morning's 25bp ECB rate cut, higher PPI and weekly jobless claims. Currently, the DJIA trades down 11.84 points (-0.03%) at 44133.93, S&P E-Minis down 7 points (-0.11%) at 6086, Nasdaq down 23.1 points (-0.1%) at 20012.43.
  • Individual laggers included Adobe Inc -12.97% on weak outlook tied to AI disruption concerns, industrial products maker Nordson -8.08% on weaker than expected guidance for 2025, while steel maker Nucor declined 4.42% on downgrades the day after raising quarterly dividends slightly ($0.54 to 0.55).
  • On sectors, Energy and Materials underperformed, Texas Pacific leading the drop there, Marathon -2.12%, Valero -2.09% as crude prices decline (WTI -.98 at 69.31). Materials weighed by metals: Steel Dynamics -4.79%, FMC -2.0% Freeport-McMoRan -1.93%.
  • On the positive side, Warner Brothers surged +13.49% after announcing a new corporate structure implementation in the near term, MetLife +5.14% after CEO Khalaf announced a new $25B 5Y cash flo plan, Caesars Entertainment +4.18% after improved readership reported. 
  • Real Estate and Utility sectors outperformed in the first half, residential and retail investment trusts supporting the former: Essex Property +1.72%, Equity Residential +1.56, Avalon Bay +1.52%. Multi energy providers buoyed the Utility sector: Constellation +2.89%, Centerpoint +1.43%, First Energy +1.35%.
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  • Major averages were still in the red by midmorning Thursday, but off recent lows as markets settled in after this morning's 25bp ECB rate cut, higher PPI and weekly jobless claims. Currently, the DJIA trades down 11.84 points (-0.03%) at 44133.93, S&P E-Minis down 7 points (-0.11%) at 6086, Nasdaq down 23.1 points (-0.1%) at 20012.43.
  • Individual laggers included Adobe Inc -12.97% on weak outlook tied to AI disruption concerns, industrial products maker Nordson -8.08% on weaker than expected guidance for 2025, while steel maker Nucor declined 4.42% on downgrades the day after raising quarterly dividends slightly ($0.54 to 0.55).
  • On sectors, Energy and Materials underperformed, Texas Pacific leading the drop there, Marathon -2.12%, Valero -2.09% as crude prices decline (WTI -.98 at 69.31). Materials weighed by metals: Steel Dynamics -4.79%, FMC -2.0% Freeport-McMoRan -1.93%.
  • On the positive side, Warner Brothers surged +13.49% after announcing a new corporate structure implementation in the near term, MetLife +5.14% after CEO Khalaf announced a new $25B 5Y cash flo plan, Caesars Entertainment +4.18% after improved readership reported. 
  • Real Estate and Utility sectors outperformed in the first half, residential and retail investment trusts supporting the former: Essex Property +1.72%, Equity Residential +1.56, Avalon Bay +1.52%. Multi energy providers buoyed the Utility sector: Constellation +2.89%, Centerpoint +1.43%, First Energy +1.35%.