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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 Roundup: Comm Services, Energy Buoys Eminis, Nasdaq
- Stocks have bounced off early session lows following this morning's PPI and weekly jobless claims. S&P Eminis and Nasdaq indexes held modest gains vs. small losses for the Dow, all inside a narrow session range ahead midday.
- Currently, the DJIA trades down 58.97 points (-0.14%) at 40803.02, S&P E-Minis up 7.75 points (0.14%) at 5567.75, Nasdaq ups 77.6 points (0.4%) at 17468.43.
- Communication Services and Energy sector shares led gainers in the first half, interactive media and entertainment supporting the former with Warner Brothers +7.35%, Charter Communications +2.18%, Meta (formerly Facebook) gained 1.75%.
- Energy sector shares partially supported by a rebound in crude prices (WTI +1.35 at 68.86) despite ongoing supply overhang concerns: Targa Resources +1.35%, Diamondback Energy +1.08%, Exxon Mobil+1.04%.
- On the flipside, Real Estate and Health Care sector shares underperformed in the first half, management & development shares weighed on the former: CoStar Group -2.54%, American Tower -1.60%, Crown Castle -1.49%.
- Meanwhile, pharmaceuticals weighed on the Health Care sector: Moderna falling nearly -18% amid plans to cut costs by $1.1B including research while officials pared it's sales outlook. Elsewhere, Bio-Techne trades -2.71%, Agilent Technologies -2.47%.
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.