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Why MNI
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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, Materials Sectors Outperforming
- Stocks are trading mixed ahead midday, SPX Eminis near the middle of a narrow session range with Real Estate and Materials sectors outperforming. Currently, the DJIA is up 63.25 points (0.16%) at 38453.35, S&P E-Minis up 2 points (0.04%) at 4966.25, Nasdaq down 17.9 points (-0.1%) at 15586.87.
- Leading gainers: Estate management shares supported the Real Estate sector in the first half: CoStar Group +1.63%, CBRE +0.94%. Recovering from weaker Monday trade, chemicals and mining stocks buoyed the Materials sector in the first half: Dupont +5.98%, Linde PLC +3.49%, Albemarle +2.30%, Freeport-McMoRan +2.43%.
- Laggers: Information Technology and Financial sectors underperformed in the first half, chip stocks paring Monday gains: AMD -3.29%, Nvidia -2.48%, Monolithic Power -2.26%. Meanwhile, financial services shares weighed on the latter: Fiserv Inc -3.68%, FleetCor -1.58%, Fidelity National Information -1.52%.
- On a side note, NY Community Bank fell an additional 12%, adding to -11% decline on Monday. KBW Nasdaq regional bank index traded near steady at 93.54.
- Looking ahead: corporate earnings expected after the close: Chipolte, Fortinet, Cognizant Technologies, Snap Inc, Gilead Sciences, Carlisle, Enphase Energy, Amgen, Ford, Prudential Fncl.
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.