MNI BRIEF: EU Parliament Backs Von Der Leyen For 2nd Term

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI BRIEF: China Third Plenum Expands International Opening

Employment Insurance Rises In May After Stable Trend, Up 14% YOY

MNI: US JUL PHILADELPHIA FED MFG INDEX 13.9

MNI: US JOBLESS CLAIMS +20K TO 243K IN JUL 13 WK

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: Miners, Chip Stocks Outperforming

US STOCKS
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • 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.

162 words

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.
  • 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.