MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI BRIEF: Caixin July Manufacturing PMI Falls Below 50

MNI: PBOC Net Drains CNY224.73 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1323 Thurs; -0.83% Y/Y

MNI: EUROZONE JUN UNEMPLOYMENT RATE 6.5%

Labour Market Data Continues To Signal Ongoing Softening

Trend Unemployment Rate Hits New Record Lows

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Equities Roundup: IT, Consumer Discretionary Underperforming

US STOCKS
  • Stocks drifting lower ahead midday, paring back approximately half of the prior session's rally, Information Technology and Consumer Discretionary sectors underperforming. Currently, DJIA is down 81.14 points (-0.23%) at 35067.57, S&P E-Mini future down 18 points (-0.39%) at 4543.75, Nasdaq down 116.4 points (-0.8%) at 14166.82.
  • Laggers: Information Technology, Consumer Discretionary and Energy sector shares underperformed in the first half, semiconductor shares weighing on the former: Solar Edge -2.75%, Monolithic Power -2.68%, Qualcomm -2.55%. Broadline retailers weighed on the Consumer Discretionary sector with Etsy -2.8% and Amazon -2.58% (headlines reporting Bezos intent to be an ongoing aggressive seller Tuesday). Meanwhile, refiner stocks weighed on the Energy sector: Marathon Petroleum -1.14%, Valero -1.07%, EOG Resources -0.9%.
  • Leading gainers: Materials, Health Care and Consumer Staples sectors outperformed, metals and mining stocks supporting the former: Newmont +3.01%, Freeport McMoRan +1.96%, Steel Dynamics +0.95%. Equipment and services supported the Health Care sector: Medtronic +3.66%, Dentsply Sirona +3.34%. Consumer Staples, meanwhile, were buoyed by food and beverage shares: Kraft Heinz +0.98%, Hormel +0.84%, Kellanova +0.65%.
  • Corporate earnings still expected this week: HP, Autodesk, Nvidia and Nordstrom after Tuesday's close.
HomepageEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.