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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: Down, But Off Lows, IT/Software Remains Strong
- Stocks are trading modestly weaker ahead midday Friday, DJIA off the lowest levels since June 3, while S&P Eminis and Nasdaq are not far off all-time highs set earlier in the week. Currently, the DJIA is down 97.57 points (-0.25%) at 38551.13, S&P E-Minis down 14.25 points (-0.26%) at 5424.25, Nasdaq down 33 points (-0.2%) at 17635.73.
- Information Technology continues to lead gainers for the fourth consecutive session, software and services shares outperformed hardware and semiconductor makers this time: Adobe is currently up 14.34% after beating 2Q earnings late Thursday citing strong AI demand. Other gainers included ServiceNow Inc +2.61%, Salesforce Inc +1.58%, Accenture +1.43%.
- Meanwhile, interactive media and entertainment supported Communication Services in the first half: Netflix +3%, Google +0.97%, Paramount +0.82%.
- Industrials and Consumer Discretionary sectors underperformed in the first half, industrial and electric machinery shares weighed on the former: Parker-Hannifin -6.23%, Howmet Aerospace -5.52%, GE Vernova -5.14%.
- Auto- and parts makers weighed on the Consumer Discretionary sector: Aptiv -5.27%, Borg-Warner -4.92%, GM -2.83%, Tesla -2.63%.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.