MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Equities Roundup:IT Leads After Broadcom Beat Late Wed, Adobe Up Next

US STOCKS
  • Stocks have pared early gains following this morning's lower than expected PPI inflation measures and higher than expected weekly jobless claims. Nasdaq still outperforming after rising to new all-time high of 17,737.94 in the first half.
  • Currently, the Nasdaq is up 14.7 points (0.1%) at 17623.58, the DJIA down 267.74 points (-0.69%) at 38443.64, S&P E-Minis down 10.25 points (-0.19%) at 5417.25.
  • Information Technology led gainers for the third consecutive session, hardware and semiconductor makers outperforming: Broadcom is currently up 13.3% after beating 2Q earnings late Wednesday while announcing a whopping $5.25/share quarterly dividend. Other gainers included Super Micro +6.87%, Arista Networks +3.81%.
  • Sidenote: Adobe Inc reports Q2 earnings after the close.
  • Real Estate sector shares lagged IT but outperformed peers as office and specialized investment trusts gained in the first half: Kimco Realty +1.43%, Equinix +1.28%, Regency Centers Group +0.97%.
  • Industrials and Energy sectors underperformed in the first half, air and ground transportation shares weighing on the former: Uber -3.83%, United Airlines -3.48%, Delta Air -2.39%, American Air -2.22%. Oil refiners and servicer shares weighed on the Energy sector: Halliburton -3.04%, APA Corp -3.0%, Coterra Energy -2.33%.
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Credit BulletsHomepageCreditEquitiesAT&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.