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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: Miners, Chip Stocks Outperforming
- Stocks are trading firmer at midday, S&P Eminis and Nasdaq indexes marking new all-time highs for the seventh consecutive session (5,652.75 and 18,527.00 respectively, the dow still well off +40,000 mid-May highs) after Fed Chairman Powell repeated his balanced testimony to Congress. Currently, the DJIA trades up 135.05 points (0.34%) at 39429.04, S&P E-Minis up 25 points (0.44%) at 5656, Nasdaq up 115.2 points (0.6%) at 18544.91.
- Materials and Information Technology sectors led gainers in the first half, metals and mining stocks buoyed the former: Newmont Corp +4.10%, Steel Dynamics +2.17%, Freeport-McMoRan +1.97%, Nucor +1.75%.
- Semiconductor makers underpinned the IT sector: AMD +3.75%, ON Semiconductor +3.39%, Micron +3.1%
- On the flipside, Real Estate and Financial sectors underperformed, investment trusts weighing on the former: Welltower -1.70%, UDR Inc -1.47%, SBA Communications -1.33%.
- Financial services shares weighed on the Financial sector: Mastercard -2.82%, Fiserv Inc -2.69%, Jack Henry & Assc -2.33%; while banks continued to make modest gains ahead Friday's start of the latest earnings cycle.
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.