Free Trial

Equity Roundup: Comm Services, Consumer Discretionary Lead Rally

US STOCKS

Stocks stronger, near recent session highs, shrugging off midmorning reversal as UAE denied WSJ claiming that "internal discussions" are taking place within the UAE on leaving OPEC. SPX eminis currently trading +41 (1.03%) at 4025.5; DJIA +216.27 (0.66%) at 33219.32; Nasdaq +143.3 (1.2%) at 11605.95.

  • SPX leading/lagging sectors: Communication Services (+1.70%) lead by interactive media/services shares, namely META 5.04% while Google +1.39%. Next up: Consumer Discretionary (+1.60%) and Real Estate (+1.37%), former supported by autos: GM +3.69%, F +3.64%, Tesla +3.20%.
  • Laggers: Energy shares, weaker on the open have rebounded (sector +0.69%), replaced by Consumer Staples (-0.32%) as food and staples underperformed, namely Costco (COST -3.24%).
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +5.74 at 354.84, Boeing (BA) +3.92 at 213.98, Home Depot (HD) +3.58 at 296.60. Laggers: United Health (UNH) -1.99 at 475.71, Travelers (TRV) -1.33 at 181.86, Salesforce paring steep gains from Thu (CRM) -1.21 at 185.38.

To read the full story

Close

Why MNI

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.