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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: Dow Extends New Highs, Energy, Banks Outperforming
- Stocks are trading higher at midmorning, flirting with recent all-time highs with the Dow climbing past Friday's record high of 40,244.94 to 40,313.00, S&P eminis and Nasdaq indexes still off Friday's highs. Currently, the DJIA up 305.47 points (0.76%) at 40300.8, S&P E-Minis up 48.75 points (0.86%) at 5713.75, Nasdaq up 213 points (1.2%) at 18610.16.
- Energy and Financial sector shares led gainers in the first half, equipment and services shares buoyed the former: Haliburton +2.27%, Schlumberger and Baker Hughes both +2.22%. Banks supported the Financial sector in the first half, Wells Fargo +2.59%, Regions Financial +2.15%, JP Morgan +1.94%.
- Note, Wells and JPM rebounded after consolidating following last Friday's earnings. Blackrock and Goldman Sachs both announced early Monday, GS +1.41%, Blackrock +0.46%.
- Conversely, Utilities and Consumer Staples underperformed in the first half, electricity and independent power providers underperforming: AES Corp -9.37%, Centerpoint energy -5.46%, NextEra Energy -4.84%. Household and personal products makers traded soft: Estee Lauder -1.37%, Clorox -1.05%, P&G -0.76%.
- Upcoming earnings: Bank of America, Charles Schwab, State Street and Morgan Stanley on Tuesday; Citizens Financial, US Bancorp, Discover Financial and Ally Financial on Wednesday; KeyCorp, M&T Bank and Blackstone on Thursday; Fifth Third, Regions Financial, Comerica, American Express and Huntington next Friday.
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.