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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessEquities Diverge, Tech Tanks, Dow Stable
- Sharp divergence of fortunes at the open, with the Dow Jones Industrial Average inching higher to hold gains of over 0.5% while the tech-led NASDAQ falls sharply.
- The e-mini NASDAQ is off close to 2%, with big name tech firms including Facebook, QUALCOMM, Tesla and Paypal off 3% or more at pixel time.
- The e-mini NASDAQ is turning toward first support at the Tuesday/Thursday lows, which come in just ahead of the 50-dma at 13,365
- Idiosyncratic drivers for a number of firms, with QUALCOMM hit following reports that Apple will bring modem production in-house, Facebook and Alphabet slipping after downgrades at Citi and Tesla lowering after Musk's TV appearance over the weekend.
- Perhaps unsurprisingly, the tech and comm services sectors are at the bottom of the pile so far Monday, while utilities and real estate make decent headway.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.