Free Trial

(Z2) Corrective Bounce Extends


(Z2) Bullish Extension


Back From Best Levels On Wider Bid For Risk


Bull Cycle Extends

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

Stocks trading firmer, scaling back from midday highs. Currently, SPX eminis trade +45.5 (1.12%) at 4120.25; DJIA +214.17 (0.66%) at 32749.72; Nasdaq +159.3 (1.3%) at 12324.43. Stocks gained with rates after MNI's Chicago Business BarometerTM indicator fell 3.9-points to 52.1, the lowest level since August 2020.

  • SPX technicals: S&P E-Minis continue to extend Wed's climb that resulted in a breach of 4016.25, the Jul 22 high. The break higher confirms a resumption of the current bull cycle and signals potential for a climb towards 4145.75, the Jun 9 high.
  • The next key resistance is at 4204.75, the May 31 high. Initial support has been defined at 3913.25, the Jul 26 low. A break would highlight a possible early bearish reversal signal.
  • SPX leading/lagging sectors: With West Texas crude flirting with $100.0 again, Energy sector outperforming (+3.93%) lead by Chevron (CVX) +8.19%, Exxon (XOM) +4.13% (both beat earnings ests this morning: CVX $5.82 vs. $4.965 est, XOM $4.14 vs. $3.975 est.
  • Consumer Discretionary (+3.55%) lead by internet/direct marketing shares: Amazon +10.76% despite missing earnings est of $0.15 at $0.10. Laggers: Communication Staples (-0.70%), Health Care (-0.52%) and Communication Services (-0.35%)
  • Dow Industrials Leaders/Laggers: Caterpillar (CAT) +8.04 at 195.88, Apple (AAPL) +4.93 at 162.29. Laggers: Proctor and Gamble (PG) -7.31 at 140.75, Intel (INTC) -3.55 at 36.16.

To read the full story

Why Subscribe to

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.