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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: Real Estate, Industrials Outperform
- Stocks are trading modestly higher after the bell, near early session highs ahead this afternoon's FOMC policy annc. Currently, S&P E-Mini futures are up 11.75 points (0.26%) at 4483, Nasdaq up 8.8 points (0.1%) at 13652.59, DJIA up 159.6 points (0.46%) at 34460.61.
- Leaders: Real Estate, Industrials and Utilities outperformed after the open, property management names buoyed the former in early trade: CoStar Group +1.9%, CBRE Group +1.55%.
- Machinery makers buoyed Industrials: Deere +2.38% following Tue's downgrade, Caterpillar +2.05%, PACCAR Inc +1.85%. Notable aerospace/defense gain by Textron Inc +5.2% after announcing sale of up to 1,500 Citation aircraft to NetJets. Meanwhile, multi-energy names supported Utilities: Xcel Energy +1.15%, Sempra +0.9%, NRG Energy +0.8%.
- Laggers: Communication Services and Information Technology sectors underperformed with interactive media weighing on the former: Google -0.25%, META -0.55%.
- IT traded weaker again with hardware and semiconductor shares trading weaker: Zebra Tech -4.75%Intel -2.75%, Apple -1.0%. On the flipside, Western Digital gained 5.15% on headline Kioxia merger $13.5B refinance loan as well as upgrade from BNP Paribas.
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.