Free Trial

Equities Roundup: Off Lows, Insurance, Industrials Lagging

US STOCKS
  • Stocks hold modestly weaker late Tuesday, off morning lows as shorts cover ahead tomorrow's headline CPI inflation data. Currently, DJIA is down 31.24 points (-0.08%) at 38864.38, S&P E-Minis down 0.25 points (0%) at 5253.5, Nasdaq up 29.6 points (0.2%) at 16283.67.
  • Leading Gainers: Real Estate and Utilities outperformed in the second half, investment trusts, particularly office and specialized REITs buoyed the former: Boston Properties +2.8%, SBA Communications +2.05%, American Tower +2.01%. Multi energy and water utilities buoyed the latter: Dominion +1.19%, Sempra +1.1%, American Water Works +0.97%.
  • Laggers: Financial and Industrial sector shares underperformed, insurance names weighing on the former: Arch Capital -3.91%, WR Berkley -3.48%, Hartford Financial -3.35%. Construction/engineering names weighed on the Industrial sector: Huntington Ingalls -4.07%, Eaton Corp -3.60%, PACCAR Inc -3.1%.
  • Reminder, the next quarterly earnings starts in earnest late this week with JP Morgan, BlackRock, Wells Fargo, State Street and Citigroup reporting Friday, April 12.

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.