Free Trial
USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Northbound

US TSYS

Late SOFR/Eurodollar/Treasury Option Roundup

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, Through 50-DMA, Energy Weighing

US STOCKS

Stocks weaker after making moderate late overnight gains, SPX through Monday low and 50-dma (4011.7) ahead of the 4,000 psychological support as Energy and Materials sectors underperform.

  • Modest bounce off lows following recent headlines from Fed Bostic: If economic data start to show a clear slowing in inflation, it might give the Federal Reserve room to slow the pace of hikes from supersized 75 basis point moves.
  • Currently, SPX eminis trade -44.5 (-1.1%) at 3987.25; DJIA -268.83 (-0.84%) at 31831.55; Nasdaq -153 (-1.3%) at 11864.78.
  • Tsys go up stocks go down, Tsys go down stocks go down: Additional selling on back of recent risk-on support for Tsys amid pick-up in China/Taiwan tension over Drone warning shots earlier. Rates reverse course, short end goes offered following surge in JOLTs gain (+864k) with Aug NFP this Fri (+300k est).
  • SPX leading/lagging sectors: Financials -0.24%, followed by Health Care -0.35% and Real Estate -0.42%. Laggers: After making strong gains Monday, Energy sector -3.46%, followed by Materials -1.47% and Industrials -1.28%.
  • Dow Industrials Leaders/Laggers: Nike (NKE) -0.05 at 107.83, Verizon (VZ) -0.45 at 42.88, Intel (INTC) -0.53 at 32.41. Laggers: Caterpillar (CAT) -6.51 at 185.37, United Health (UNH) -5.41 at 524.36, Chevron (CVX) -4.81 at 159.82.

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.