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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: Inside Range, Banks and Miners Outperforming
- Stocks are trading mixed ahead midday Tuesday, inside session narrow ranges with the Dow outperforming at the start of the two day FOMC meeting. Currently, the DJIA is up 34.35 points (0.09%) at 38365.35, S&P E-Mini future are down 1.75 points (-0.04%) at 4952.75, Nasdaq down 59.4 points (-0.4%) at 15569.
- Leading gainers: Financials and Material sector shares outperformed early Tuesday, banks supporting the former: Citigroup +3.51%, Bank of America +3.01%, JP Morgan +1.29%. Shares of mining companies buoyed the Materials sector: Nucor gained +4.22% after beating 4Q earnings est's late Monday, while Steel Dynamics gained 2.1%.
- Laggers: Real Estate and Utility sectors underperformed in the first half, estate management firms weighing on the former: CBRE Group -1.18%, CoStar -0.75%. Meanwhile, water and independent power providers weighed on the latter: AES -2.14%, American Water Works -1.03%.
- Looking ahead: corporate earnings docket after the close: Microsoft, AMD, Alphabet, Electronic Arts, Starbucks, Stryker and Teradyne. Already annc's: Sysco, UPS, JetBlue, PulteGroup, GM, Marathon Petroleum, Pfizer, Johnson Controls, Corning and FCA Healthcare.
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.