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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: Nasdaq Outperforming
- Stocks remain mixed in late morning trade, the DJIA and S&P Eminis lagging mildly higher Nasdaq stocks after this morning's weaker economic data. Stocks reversed opening gains after ISM Manufacturing and Construction Spending data came out weaker than anticipated. Currently, the DJIA is down 225.59 points (-0.58%) at 38461.41, S&P E-Minis down 9.75 points (-0.18%) at 5285, Nasdaq up 62.7 points (0.4%) at 16796.24.
- Energy and Industrials sectors underperformed in the first half, oil and gas equipment and services shares weighing on the former as crude prices gapped lower (WTI -2.59 at 74.40) amid reports OPEC+ planned to restore output. Diamondback Energy -4.50%, Haliburton -4.22%, Schlumberger and Baker Hughes both -2.60%.
- Construction and engineering shares weighed on Industrials: United Rentals -4.08%, Builders FirstSource Inc -3.76%, Parker-Hannifin -3.44%.
- On the flipside, Health Care and Information Technology sectors outperformed in early trade, pharmaceuticals and biotech shares buoyed the former: Moderna +3.37%, Biogen +3.5%, Bristol Myers +2.97%. Meanwhile, semiconductor stocks supported IT: Nvidia gained 2.25% after announcing a 10-fpr-1 stock split Friday, First Solar +1.95%, Qualcomm +0.62%.
- Still some notable earnings releases this week: Bath & Body Works, Crowdstrike, HP, Dollar Tree, Campbell Soup, Five Below Inc, Victoria Secret, Toro, Vail Resorts and Docusign.
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.