Free Trial

Equity Roundup: Undecided

US STOCKS

Stocks see-sawing around steady after the bell, marginally higher after SPX eminis extending session lows in last few minutes: currently ESM2 +0.5 points (0.01%) at 4129.5 vs. 4104.25 low - closing in on major support.

  • Friday’s sell-off has reinforced bearish conditions and confirmed a resumption of the bear cycle with attention on 4094.25, the Feb 24 low and a major support. A breach of this level would further strengthen bearish conditions.
  • Earnings cycle resumes with handful announcing ahead the NY open, lion's share after the close: Expedia (EXPE), Williams Cos (WMB), Devon Energy (DVN), Diamondback Energy (FANG).
  • SPX leading/lagging sectors: Communication Services (+1.46%) and Information Technology (+0.54) lead by semiconductor shares.
  • Laggers: Real Estate shares (-0.74%) and carry-over weakness for Consumer Discretionary (-0.71%) as Amazon continues to trade weak (AMZN, -3.16%)
  • Meanwhile, Dow Industrials currently trades +26.4 points (0.08%) at 33013.39, Nasdaq +43.4 points (0.4%) at 12382.46.
  • Dow Industrials Leaders/Laggers: Home Depot (+1.10 301.5). Visa (-3.19 at 209.94), Boeing (-2.77 at 146.07).

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.