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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: Stocks off 3M Lows, REITs, Transportation Led
- Stocks have rebounded after falling to the lowest levels since early May on the week opener. No particular headline driver, but a cautious continuation of buy interest following Monday's ISM services data that lessened concerns over an imminent economic recession.
- Currently, the DJIA trades up 520.51 points (1.34%) at 39235.9, S&P E-Minis up 84.75 points (1.62%) at 5302.75, Nasdaq up 272.6 points (1.7%) at 16475.76.
- Real Estate and Industrial sector shares led gainers in the first half, office and health care investment trust shares supporting the former: BXP Inc +4.33%, Alexandria Real Estate +3.13%, Welltower Inc +2.49%. Transportation stocks buoyed the Industrials sector: Uber +7.06% after announcing strong earnings this morning, CSX Corp +3.61%, Old Dominion +3.60%.
- Utility and Consumer Discretionary sectors underperformed in the first half, multi-energy shares weighed on the former: Sempra -1.09%, CenterPoint Energy +0.31%, Dominion Energy +0.7%. Meanwhile, autos and parts suppliers weighed on the Consumer Discretionary sector: Tesla -1.64%, Borg Warner +0.22%, Fors +0.46%.
- Expected earnings announcements after the close include the following: Illumina Inc, Devon Energy Corp, Fortinet Inc, Rivian Automotive, Astera Labs, Lumen Technologies, International Flavors, Reddit, Permian Resources, Wynn Resorts, Amgen Inc, Airbnb Inc and Super Micro Computer.
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.