MNI: US Consumers See Lower Inflation, Better Jobs - NY Fed

MNI BRIEF: Risks To Growth Evident, Await Dec Forecasts -Rehn

MNI China Daily Summary: Tuesday, November 12

MNI BRIEF: Prolonged Tightening If Expectations Worsen - BCB

MNI: PBOC Net Injects CNY107.2 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1927 Tues; +1.32% Y/Y

EZ/UK Bond Supply Calendar: IT, UK, DE, PO Auction Wednesday

MNI: US REDBOOK: NOV STORE SALES +4.8% V YR AGO MO

MNI: CANADIAN SEP BUILDING PERMITS +11.5% MOM

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: Financials, Tech Stabilization Underpin Broad Gains

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

The Dow Jones led US equity gains Wednesday, rising 0.8% vs 0.5% rises in the S&P 500 and 0.3% in the NASDAQ.

  • 9 of 11 GICS subsectors in the S&P 500 were in the green - Consumer Staples (-0.2%) and Communication Services (-0.4%) lagged.
  • Utiltiies (+2.2%) and Financials (+1.2%) led gains, with the latter benefiting from continued solid earnings from big banks including Morgan Stanley today pre-market (+6.8% on the day). Indeed the Dow's outperformance owed to a higher weighting toward higher-performing financials.
  • Tech stabilized vs Tuesday's chipmaker-led fall, with info tech GICS up 0.3%.
  • On that note, Netflix will be Thursday's earnings highlight after the close - MNI's calendar is here.

 

108 words

To read the full story

Close

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.

The Dow Jones led US equity gains Wednesday, rising 0.8% vs 0.5% rises in the S&P 500 and 0.3% in the NASDAQ.

  • 9 of 11 GICS subsectors in the S&P 500 were in the green - Consumer Staples (-0.2%) and Communication Services (-0.4%) lagged.
  • Utiltiies (+2.2%) and Financials (+1.2%) led gains, with the latter benefiting from continued solid earnings from big banks including Morgan Stanley today pre-market (+6.8% on the day). Indeed the Dow's outperformance owed to a higher weighting toward higher-performing financials.
  • Tech stabilized vs Tuesday's chipmaker-led fall, with info tech GICS up 0.3%.
  • On that note, Netflix will be Thursday's earnings highlight after the close - MNI's calendar is here.