MNI BRIEF: Canadians Fuzzy On How BOC Hikes Slow CPI, Government's Role

CANADA FLASH MAY GDP +0.1% ON FACTORIES AND REAL ESTATE

MNI China Daily Summary: Friday, June 28

MNI BRIEF: BCB Evaluating Real Depreciation Impacts - Galipolo

MNI BRIEF: PBOC Pledges to Curb Any Overshoot Of The Yuan: MPC

MNI: PBOC Net Injects CNY40 Bln Via OMO Fri; Rates Unchanged

MNI: BAKER HUGHES US RIG COUNT 581; OIL RIGS 479; GAS RIGS 97

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK Bond Supply Calendar: BoE APF on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Equities Roundup: Clawing Higher: IT, Comm-Services Lead

US STOCKS
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Stocks remain mixed late Tuesday after paring early gains, Nasdaq outperforming near steady S&P Eminis and weaker DJIA indexes. Overall narrow ranges in the lead-up to Wednesday's CPI and FOMC data/event risk remain.
  • Currently, the DJIA is down 132.45 points (-0.34%) at 38734.67, S&P E-Minis up 5.25 points (0.1%) at 5376.25, Nasdaq up 114.7 points (0.7%) at 17306.52.
  • Information Technology and Communication Services sectors outperformed in late trade, hardware makers supporting the former, most notably Apple Inc +6.1% after a long awaited AI software introduction (and despite threat from Elon Musk of barring Apple integration with Tesla for same AI). Other leaders include First Solar +4.3%, Arista Networks +2.13% while Seagate +1.79%.
  • Interactive media and services shares supported the Communication Services sector: Paramount +3.42%, Electronic Arts +0.90%, Warner Brothers +0.68%.
  • Financials and Utility sector shares continued to underperform late trade, banks weighing on the former as US regionals took cues from EU banks amid political uncertainty following weekend parliamentary elections. Citigroup -3.5%, JP Morgan -2.46%, Bank of America and M&T bank both -2.1%.
  • Reversing prior session gains, electricity providers weighed on the Utility sector: NextEra Energy -6.02% after lower than expected profit forecasts, Southern Co -0.54%, Duke Energy -0.48%.
  • Notable earnings releases: Casey's General Store and Oracle after today's close, Broadcom late Wednesday, Adobe and Lennar Group late Thursday.
213 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 remain mixed late Tuesday after paring early gains, Nasdaq outperforming near steady S&P Eminis and weaker DJIA indexes. Overall narrow ranges in the lead-up to Wednesday's CPI and FOMC data/event risk remain.
  • Currently, the DJIA is down 132.45 points (-0.34%) at 38734.67, S&P E-Minis up 5.25 points (0.1%) at 5376.25, Nasdaq up 114.7 points (0.7%) at 17306.52.
  • Information Technology and Communication Services sectors outperformed in late trade, hardware makers supporting the former, most notably Apple Inc +6.1% after a long awaited AI software introduction (and despite threat from Elon Musk of barring Apple integration with Tesla for same AI). Other leaders include First Solar +4.3%, Arista Networks +2.13% while Seagate +1.79%.
  • Interactive media and services shares supported the Communication Services sector: Paramount +3.42%, Electronic Arts +0.90%, Warner Brothers +0.68%.
  • Financials and Utility sector shares continued to underperform late trade, banks weighing on the former as US regionals took cues from EU banks amid political uncertainty following weekend parliamentary elections. Citigroup -3.5%, JP Morgan -2.46%, Bank of America and M&T bank both -2.1%.
  • Reversing prior session gains, electricity providers weighed on the Utility sector: NextEra Energy -6.02% after lower than expected profit forecasts, Southern Co -0.54%, Duke Energy -0.48%.
  • Notable earnings releases: Casey's General Store and Oracle after today's close, Broadcom late Wednesday, Adobe and Lennar Group late Thursday.