MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

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

Equities Roundup: Big Moves On Earnings Misses

US STOCKS
  • Stocks trading moderately lower, SPX and Nasdaq shares outperforming in late morning trade. Stocks pared early gains, taking cues from weaker Treasuries in the first half that had mirrored weakness in EGBs. Currently, DJIA is down 180.94 points (-0.47%) at 38320.62, S&P E-Minis down 18 points (-0.35%) at 5088, Nasdaq down 23.7 points (-0.2%) at 15670.85.
  • Heavy earnings announcements on the day included the following ahead of the open: Owens Corning, Thermo Fisher, AT&T, Boston Scientific, Humana, Amphenol, Norfolk Southern and Old Dominion Freight. Announcements expected after the close: Whirlpool, Ford, IBM, United Rentals, Teradyne, Lam Research, Waste Management, Raymond James and Meta.
  • Leading gainers: Consumer Discretionary and Information Technology sectors outperformed in early trade, auto makers led support in the former, namely Tesla +11.86% -- despite missing both 1Q EPS and 1Q Revenue late Tuesday. The EV maker surged after pledging to speed up the launch of more affordable models to revive sagging demand. Chip stocks supported the IT sector for the third day running: Texas Instrument +6.50% after beating earnings, TY +6.57%, ON semiconductor +5.05%, Analog Devices +4.39%.
  • Laggers: Industrials and Communication Services underperformed in the first half, transportation shares weighed on the former: Old Dominion Freight -9.1% after meeting income targets, Norfolk Southern -3.67%, UPS -3.07%. Meanwhile, interactive media and telecommunications shares weighed on the former: Netflix -3.89%, Warner Bros -1.84%, Verizon -1.28%.
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.