US NOV FLASH MANUF PMI 48.8 (FCST: 48.9); OCT 48.5

MNI:Largest Canada New Home Price Dip Since `09 Led By Toronto

CANADIAN OCT FLASH RETAIL SALES +0.7%, 4TH STRAIGHT INCREASE

MNI China Daily Summary: Friday, November 22

MNI: PBOC Net Drains CNY345.9 Bln via OMO Friday

MNI BRIEF: Fed Should Explore Central Clearing At SRF-Hammack

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: Gilt Syndi; IT, EU Due Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL NOV INDEX 71.8

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?

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Equities Roundup: Eminis, Nasdaq Back to Early July Levels

US STOCKS
  • Stocks are weaker ahead midday Friday, S&P Eminis and Nasdaq indexes back to early July levels while the Dow has retreated to last Friday's levels a day after climbing to new all time high of 41,370.37. Currently, the DJIA is down 379.04 points (-0.93%) at 40288.89, S&P E-Minis down 31 points (-0.55%) at 5563.75, Nasdaq down 89.4 points (-0.5%) at 17780.88.
  • Materials and Consumer Discretionary sectors underperformed in the first half, chemical and mining stocks weighed on the former: FMC Corp -4.89%, PPG Ind -2.95%, Celanese -2.86%. Autos and parts makers weighed on Consumer Discretionary sector: Aptiv -5.29%, Borg Warner -4.08% while Tesla declined 2.90%.
  • A note on the IT sector, outages for software provider CrowdStrike saw share prices fall -8.25%, the outage caused disruptions for others including Intel -4.8%, EPAM Systems -3.76% and ON Semiconductors -3.88%. Prices were off lows as workaround solutions having been filtering through for the last few hours.
  • Conversely, Health Care and Communication Services sectors led gainers in the first half, shares of equipment and servicers buoyed the former: Intuitive Surgical +5.9%, Boston Scientific +1.6%, Abbott Labs +1.07%. Meanwhile, interactive media and services shares supported Communication Services: Meta +0.81, Google +0.5%.
  • Note, after reporting earnings this morning, Fifth Third +0.05, Regions Financial -1.22%, Comerica -11.59%, American Express -3.92% and Huntington +2.2%.
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