Free Trial

Equity Roundup: Strong Data Weighing on IT, Consumer Discretionary


Stock indexes trading broadly weaker at midday, extending session lows after better than expected Sep NFP data underscored Fed's likely hawkish forward policy path.
Information Technology, Consumer Discretionary and Communication Services underperforming. Currently, SPX eminis trade -96.75 (-2.58%) at 3660.25; DJIA -575.7 (-1.92%) at 29353.99; Nasdaq -389.9 (-3.5%) at 10683.96.

  • SPX leading/lagging sectors: Energy sector shares outperforming (+0.38%) oil/gas names doing well as crude jumped higher in the first half (WTI +3.89 at 92.34). Consumer Staples (-1.34%) and Health Care (-1.91%) sectors followed. Laggers: Information Technology (-4.01%) as semiconductors, hardware makers, software and services reversed prior session gains, Consumer Discretionary (-3.86%) and Communication Services (-2.65%) next up, auto makers weighing on the latter, Tesla -6.09%.
  • Dow Industrials Leaders/Laggers: Chevron (CVX) adds to Thu's gains +1.11 at 162.53, Merck (MRK) +0.48 at 87.92, Amgen (AMGN) -0.11 at 230.83. Laggers: United Health (UNH) -13.73 at 505.40, Microsoft (MSFT) -12.02 at 234.77, Home Depot (HD) -6.97 at 283.42.

To read the full story



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.