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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.
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Free AccessLate Equities Roundup: Chip Stocks Lead Laggers
- Stocks hold moderately weaker in late trade, off midday lows as IT and automakers continue to underperform. Currently, the DJIA is down 61.18 points (-0.16%) at 38567.44, S&P E-Mini Futures -31.5 points (-0.63%) at 4988.75, Nasdaq down -182.4 points (-1.2%) at 15594.12.
- Laggers: Information Technology and Consumer Discretionary sectors continue to underperform in late trade, semiconductor makers weighing on the former: well ahead of tomorrow afternoon's earnings announcement, Nvidia fell -5.8%, Applied Materials -5.68%, Advanced Micro Devices -5.39%. Meanwhile, auto and parts makers weighed on the Consumer Discretionary sector: Tesla -4.17%, Aptiv -1.82%, Borg Warner -1.37%.
- Leading gainers: Consumer Staples and Utilities continued to lead gainers in the second half, retail distribution names buoyed the former: Walmart +3.9% after beating earnings estimates this morning - support tempered by announcement to buy TV maker Vizio for $2.3B, Walgreens Boots +2.02%, Dollar Tree +1.87%. Multi energy providers supported the Utilities sector: Pinnacle West +1.63%, PG&E and Southern Company both +1.25%.
- Looking ahead: corporate earnings on tap after the close: Caesars Entertainment, Diamondback Energy, Costar, Teladoc, Palo Alto Networks and Chesapeake Energy.
To read the full story
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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.