MNI: PBOC Net Injects CNY336.4 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1881 Thurs; -2.18% Y/Y

MNI BRIEF: Bank of Korea Keeps Policy Rate At 3.00%: Press

MNI BRIEF: Economic Activity Picks Up A Bit - Fed Beige Book

MNI China Daily Summary: Wednesday, January 15

MNI BRIEF: China Sees Favourable Conditions For 2025 Trade

MNI:AUSTRALIA DEC UNEMPLOYMENT RATE +4%

MNI: JAPAN DEC CORP GOODS PRICE INDEX +3.8% Y/Y; NOV REV +3.8%

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US STOCKS: Late Equities Roundup: Bank, Chips & Media Stocks Lead Post-CPI Rally

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks surged higher Wednesday after core inflation data slowed for December. After a couple rounds of profit taking major indexes looked to test session highs again in late trade with the DJIA up up 706.28 points (1.66%) at 43225.25, S&P E-Minis up 105 points (1.79%) at 5987.5, Nasdaq up 445.2 points (2.3%) at 19489.8.
  • Financials, Communication Services and Information Technology sectors continued to outperform in late trade, banks led gainers after better than expected earnings were reported by Blackrock +4.72%, Bank of NY Melon +7.97%, Wells Fargo +7.19%, JP Morgan +1.85%, Goldman Sachs +6.03% and Citigroup +7.33% this morning.
  • Interactive media and entertainment shares helped the Communication Services sector rebound after declining the last couple sessions: Meta +4.27%, Alphabet +3.10%, Netflix gained 2.37%. Same for IT with semiconductor shares trading stronger despite ongoing curbs on China exports: Micron Technologies +6.00%, Qualcomm +3.5%, Advanced Micro Devices +3.38%, Nvidia +2.91%.
  • On the flipside, Health Care and Consumer Staples sectors underperformed in late trade, pharmaceuticals weighing on the former with Viatris -2.94%, AbbVie -2.40%, Charles River Labs -1.56%. Food manufacturers weighed on the Consumer Staples sector: Hershey -3.01%, Conagra -1.98% and Kroger -1.3%.
187 words

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.
  • Stocks surged higher Wednesday after core inflation data slowed for December. After a couple rounds of profit taking major indexes looked to test session highs again in late trade with the DJIA up up 706.28 points (1.66%) at 43225.25, S&P E-Minis up 105 points (1.79%) at 5987.5, Nasdaq up 445.2 points (2.3%) at 19489.8.
  • Financials, Communication Services and Information Technology sectors continued to outperform in late trade, banks led gainers after better than expected earnings were reported by Blackrock +4.72%, Bank of NY Melon +7.97%, Wells Fargo +7.19%, JP Morgan +1.85%, Goldman Sachs +6.03% and Citigroup +7.33% this morning.
  • Interactive media and entertainment shares helped the Communication Services sector rebound after declining the last couple sessions: Meta +4.27%, Alphabet +3.10%, Netflix gained 2.37%. Same for IT with semiconductor shares trading stronger despite ongoing curbs on China exports: Micron Technologies +6.00%, Qualcomm +3.5%, Advanced Micro Devices +3.38%, Nvidia +2.91%.
  • On the flipside, Health Care and Consumer Staples sectors underperformed in late trade, pharmaceuticals weighing on the former with Viatris -2.94%, AbbVie -2.40%, Charles River Labs -1.56%. Food manufacturers weighed on the Consumer Staples sector: Hershey -3.01%, Conagra -1.98% and Kroger -1.3%.