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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: Off Early Session, 4W Highs
- Stocks have reversed gains after climbing to new multi week highs earlier, trading mildly weaker ahead midday with Energy and Industrials sectors underperforming. Currently, the DJIA trades down 45.62 points (-0.11%) at 40850.39, S&P E-Minis down 3 points (-0.05%) at 5626.75, Nasdaq down 27.8 points (-0.2%) at 17848.73.
- Energy and Industrial sectors underperformed in the first half, oil and gas shares weighing on the former: APA -3.56%, Phillips66 -3.45%, Valero Energy -2.90%.
- A mix of construction, engineering and transportation stocks weighed on the Industrials sector: Boeing -5.03% (after the FAA issued safety warnings on 777x and 787 jets), JB Hunt -1.56%, GE Vernova -1.50%.
- Conversely, Health Care and Communication Services sectors led gainers in the first half, pharmaceuticals outperforming: Eli Lilly +2.75%, Incyte +1.41%, Pfizer +0.60%. Interactive media and entertainment buoyed the Communication Services sector: Netflix +1.30%, Google +0.42%, Fox Corp +0.38%.
- Late cycle corporate earnings expected this week: Toll Brothers after today's close; Analog Devices, Target Corp, Macy's Inc, TJX, Urban Outfitters, Agilent Technologies, Synopsys, Snowflake and Zoom Video Communications Wednesday; Peloton, Advance Auto Parts, Williams-Sonoma, Ross Stores and Intuit on Thursday; Dollar Tree and Veradigm Inc on Friday.
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.