Free Trial

Equity Roundup, Risk-On Support On Dec Hike Speculation

US STOCKS
Stocks continue to extend gains, early risk-on support following the WSJ article speculating over currently priced 75bp hike in Dec (also spurring strong bid short end Tsys).
  • At the moment, Energy, Materials and Financial shares leading move in SPX eminis currently trading +40.25 (1.1%) at 3718; DJIA +361.92 (1.19%) at 30700.58; Nasdaq +84.8 (0.8%) at 10704.24.
  • SPX leading/lagging sectors: Energy (+2.03%) w/equipment and servicers outperforming oil and gas, Materials (+1.87%) lead by mining styocks, and Financials (+1.45%) with banks outperforming. Laggers: Communication Services (-0.23%) weigherd by Verizon (VZ) -4.07% despite beating earnings est this morning ($1.32 vs $1.284 est), Twitter (TWTR -3.92% and META -2.20%.
  • Dow Industrials Leaders/Laggers: United Health (UNH) +8.97 at 529.85, Goldman Sachs (GS) +6.33 at 317.14, JPM +3.70 at 119.83. Laggers: American Express (AXP) -6.83 at 135.59, Verizon (VZ) -1.50 at 35.50, Intel (INTC) +0.44at 26.52.

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.