Free Trial
BONDS

World awaits the US NFP release

EQUITIES

Holding Pattern Ahead Of Payrolls

EURIBOR

EURIBOR FIX

COMMODITIES

Dollar Gains Drag On Precious Metals

FRANCE T-BILL AUCTION PREVIEW

E4.6-5.8bln on offer next week

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Equity Roundup: Resilient Despite Weak Data

US STOCKS

Stocks trading mixed at midday -- resilient after weaker data tempers more aggressive rate hikes after year end. SPX eminis off late morning highs, ESU2 currently -4.0 (-0.11%) at 3758.5 vs. 3797.25 high. DJIA -100.5 (-0.33%) at 30385.06; Nasdaq +35.3 (0.3%) at 11088.61.

  • Technicals: Bearish threat in S&P E-Minis remains present and the primary downtrend is intact. S/T gains are still considered corrective. Moving average studies are in a bear mode condition and recent fresh cycle lows point to a continuation of the trend.
  • The focus is on 3600.00 next, and below. Initial resistance is at 3843.00, the Jun 15 high. The next firm resistance is seen at 3903.24, the 20-day EMA. A break would signal scope for a stronger short-term recovery.
  • SPX leading/lagging sectors: Utilities rebound from weaker midweek performance (+1.72), followed by Consumer Staples (+1.33%) and Health Care (+1.26%). Laggers: Energy sector still underperforming (-4.86%) followed by Materials (-2.11%) and Financials (-1.72%).
  • Dow Industrials Leaders/Laggers: United Health Grp (UNH) extends week' rally, +5.53 to 495.21 -- after annc $1.5B purchase of health tech company EMIS on Tue. SalesForce (CRM) +2.97 at 170.42 and Home Depot (HD) +2.96 AT 271.94. Laggers: Chevron (CVX) -6.84 at 141.03, Caterpillar (CAT) -8.73 at 179.10
200 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

Stocks trading mixed at midday -- resilient after weaker data tempers more aggressive rate hikes after year end. SPX eminis off late morning highs, ESU2 currently -4.0 (-0.11%) at 3758.5 vs. 3797.25 high. DJIA -100.5 (-0.33%) at 30385.06; Nasdaq +35.3 (0.3%) at 11088.61.

  • Technicals: Bearish threat in S&P E-Minis remains present and the primary downtrend is intact. S/T gains are still considered corrective. Moving average studies are in a bear mode condition and recent fresh cycle lows point to a continuation of the trend.
  • The focus is on 3600.00 next, and below. Initial resistance is at 3843.00, the Jun 15 high. The next firm resistance is seen at 3903.24, the 20-day EMA. A break would signal scope for a stronger short-term recovery.
  • SPX leading/lagging sectors: Utilities rebound from weaker midweek performance (+1.72), followed by Consumer Staples (+1.33%) and Health Care (+1.26%). Laggers: Energy sector still underperforming (-4.86%) followed by Materials (-2.11%) and Financials (-1.72%).
  • Dow Industrials Leaders/Laggers: United Health Grp (UNH) extends week' rally, +5.53 to 495.21 -- after annc $1.5B purchase of health tech company EMIS on Tue. SalesForce (CRM) +2.97 at 170.42 and Home Depot (HD) +2.96 AT 271.94. Laggers: Chevron (CVX) -6.84 at 141.03, Caterpillar (CAT) -8.73 at 179.10