Free Trial

Equity Roundup: Materials & Communication Services Underperforming

US STOCKS

Major indexes trading modestly weaker - inside session range w/ Materials and Communication Services underperforming. SPX eminis currently trades -23.5 (-0.57%) at 4124.5; DJIA -42.68 (-0.13%) at 33884.8; Nasdaq -94 (-0.8%) at 11914.26.

  • SPX leading/lagging sectors: Materials (-1.19%) weighed by metals/mining shares associated with gold (NEM -4.79%, STLD -3.43%, BUE -3.28%). Next up: Communication Services (-1.14%) as wireless telecom lags diversified shares (LUMN -2.95%, TMUS -2.07%).
  • Leaders: Consumer Staples and Consumer Discretionary both (-0.11%) the latter buoyed as Tesla continues to trade strong (TSLA +2.33%) while leisure product shares weighing on consumer durables and apparel.
  • Dow Industrials Leaders/Laggers: Caterpillar (CAT) +3.96 at 251.72, Travelers (TRV) +2.58 at 185.34, McDonalds (MCD) +2.39 at 266.62. Laggers: American Express (AXP) -2.36 at 176.50, Home Depot (HD) -2.27 at 329.23 and Nike (NKE) -2.26 at 125.35.

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.