MNI BRIEF: Fed's Barr Aims For Broad Consensus On Capital Plan

FED'S BARR: WE THINK FAIRLY SOON WE CAN ADJUST PACE OF QT

FED BARR: EXPECT BROAD, MATERIAL CHANGES TO BASEL III PROPOSAL

MNI EM China Daily Summary: Friday, March 22

MNI China Press Digest Mar 22: Autos, Local Gov, Real-Estate

MNI: PBOC Drains Net CNY11 Bln Via OMO Fri; Rates Unchanged

Bond Supply Calendar: Long BoE APF Sales on Monday

MNI: BAKER HUGHES US RIG COUNT 624; OIL RIGS 509; GAS RIGS 112

EZ/UK T-Bill Calendar: Germany, France Auction Monday

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Equity Roundup: Modest Gains, Hold Above Key Support

US STOCKS

Day after probing key support, stocks trading near session highs heading into midday, SPX emini futures ESM2 currently +23.25 points (0.56%) at 4134 vs. 4129.5 low.

  • Downtrend remains despite the carry-over bounce off Mon's lows, fresh lows have reinforced underlying bearish conditions and yesterday’s move lower resulted in a probe of key support at 4094.25, the Feb 25 low. Next key support would be 4056.00 (Mon's low) followed by 4029.25 High May 13 2021. On the upside: firm short-term resistance is at 4303.5.
  • Earning after the bell: Prudential Fncl (PRU), AIG, Air BNB (ABNB), Starbucks (SBUX), Advanced Micro Devices (AMD) to name a few.
  • SPX leading/lagging sectors: Energy (+2.65) O&G shares outperforming energy equipment and servicers. Next up, Financials (+1.72%) with banks outpacing insurance and diversified shares.
  • Laggers: Continued weakness for Consumer Discretionary (-0.34%) as hotels weigh on consumer services; autos outperforming (GM +4.04%, Borg Warner +3.16%).
  • Meanwhile, Dow Industrials currently trades +125.49 points (0.38%) at 32992.29, Nasdaq +4 points (0%) at 12459.33.
  • Dow Industrials Leaders/Laggers: Financials/insurers leading w/ Goldman Sachs (GS) +8.53 at 318.95, JPM +3.54 at 123.99, Travelers +2.83 at 172.92. Laggers: Nike (NKE) -3.09 at 122.99, Visa (V) -2.01 at 209.52.
HomepageEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.