Free Trial
US

Late Corporate Credit Update

US OUTLOOK/OPINION

CIBC In Line For Core CPI, Above Consensus For Headline

EURJPY TECHS

Sights Set On Key Resistance

COMMODITIES

Oil Sees Sharp Fall Whilst Gold Opens Bull Trigger

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, Autos Weighing on Consumer Discretionary Sector

US STOCKS

Stock indexes trading weaker, SPX focus on 3600.00 -- round number support as mkts reverse Wed's rally, Consumer Discretionary, Utilities and IT underperforming. Currently, SPX eminis trade -85 (-2.28%) at 3647.25; DJIA -521.82 (-1.76%) at 29165.26; Nasdaq -343.8 (-3.1%) at 10708.85.

  • S&P E-Minis trend conditions remain bearish following last week’s extension lower and the bearish follow through this week. Short-term gains are considered corrective. The move lower strengthens bearish conditions and attention is on key support at 3657.00, the Jun 17 low. This support has been pierced. A clear break would confirm a resumption of the broader downtrend and opens 3600.00 next.
  • SPX leading/lagging sectors: Energy sector (-0.3%), Health Care (-1.0) and Financials (-1.49%). Laggers: As noted, Consumer Discretionary (-3.61%) weighed by auto and component shares, Utilities (-3.4%) and Information Technology (-3.0%) as hardware and semiconductor shares underperform software makers.
  • Dow Industrials Leaders/Laggers: Visa (V) +1.30 at 180.48, Travelers (TRV) +1.16 at 154.08, Merck (MRK) +0.12 at 86.90. Laggers: carry over weakness for Apple (AAPL) -7.77 at 142.07 after they annd lower IPhone production on softer demand Wed, Boeing (BA) -7.31 at 126.13, United Health (UNH) -6.80 at 507.14.
186 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.

Stock indexes trading weaker, SPX focus on 3600.00 -- round number support as mkts reverse Wed's rally, Consumer Discretionary, Utilities and IT underperforming. Currently, SPX eminis trade -85 (-2.28%) at 3647.25; DJIA -521.82 (-1.76%) at 29165.26; Nasdaq -343.8 (-3.1%) at 10708.85.

  • S&P E-Minis trend conditions remain bearish following last week’s extension lower and the bearish follow through this week. Short-term gains are considered corrective. The move lower strengthens bearish conditions and attention is on key support at 3657.00, the Jun 17 low. This support has been pierced. A clear break would confirm a resumption of the broader downtrend and opens 3600.00 next.
  • SPX leading/lagging sectors: Energy sector (-0.3%), Health Care (-1.0) and Financials (-1.49%). Laggers: As noted, Consumer Discretionary (-3.61%) weighed by auto and component shares, Utilities (-3.4%) and Information Technology (-3.0%) as hardware and semiconductor shares underperform software makers.
  • Dow Industrials Leaders/Laggers: Visa (V) +1.30 at 180.48, Travelers (TRV) +1.16 at 154.08, Merck (MRK) +0.12 at 86.90. Laggers: carry over weakness for Apple (AAPL) -7.77 at 142.07 after they annd lower IPhone production on softer demand Wed, Boeing (BA) -7.31 at 126.13, United Health (UNH) -6.80 at 507.14.