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Why MNI
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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: Health Care, IT Leading Gainers
- Stocks are holding modest gains, off early session highs at the moment. Risk sentiment cooling as stocks track Treasury futures lower, 10Y yield marking 4.6410% high (+0.0686). Currently, S&P E-Mini futures are up 1.25 points (0.03%) at 4377.5, Nasdaq up 12 points (0.1%) at 13491.65, DJIA up 39.44 points (0.12%) at 34101.95.
- Initial technical resistance at 4391.75 today's high, followed by 4430.50 (High Oct 12). Initial support well below: 4157.75/4122.25 Low Nov 3 / Low Oct 27 and the bear trigger.
- Leaders: Health Care and Information Technology leading gainers, pharmaceuticals and biotech shares buoying the former: Eli Lilly +3.93%, Vertex +2.34%, Regeneron +2.21%. Hardware makers underpinning the IT sector: Apple continues to inch off last week's multi-year lows despite earnings of $1.46 that surpass analyst estimate of $1.31. Revenue fell to $89.5 billion in the fiscal fourth quarter, however, just above $89.4 billion analyst estimates. Meanwhile, Motorola gained 1.05%.
- Leaders: Real Estate and Financial sectors underperformed: residential and industrial Real Estate Investment Trusts weighing on the former: UDR -2.58%, Camden -2.47%, Prologis -2.12%. Meanwhile, Financial services shares weighed on the Financials sector: Blackstone -2.60%, Invesco -2.31%.
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.