Free Trial

Late Equities Roundup:Comm Services, Cons Discretionary Outperforming

US STOCKS
  • Stocks continue to gain in late Monday trade, S&P Eminis and the Nasdaq rising to the best levels since July 23, while the Dow climbs to the highest level since July 31. Currently, S&P E-Minis are up 32.75 points (0.59%) at 5611, Nasdaq up 143.4 points (0.8%) at 17775.09, DJIA up 146.39 points (0.36%) at 40807.37.
  • Communication Services and Consumer Discretionary sectors led gainers in late trade, interactive media and entertainment supported the Communication Services: Match Group +4.09%, Warner Brothers +1.89%, Google +1.68%. The Consumer Discretionary sector led by Darden Restaurants +3.33%, Expedia +3.08%.
  • Conversely, Consumer Staples and Materials underperformed in late trade, Constellation Brands -1.27%, Brown-Forman -0.73%, Tyson Foods -0.59% weighed on staples. Meanwhile, the Materials sector weighed down by Air Products & Chemicals -0.64%, Dow Inc -0.54%, Martin Marietta -0.42%.
  • Late cycle corporate earnings expected this week: Lowe's and Toll Brothers Inc on Tuesday; Analog Devices, Target Corp, Macy's Inc, TJX, Urban Outfitters, Agilent Technologies, Synopsys, Snowflake and Zoom Video Communications Wednesday; Peloton, Advance Auto Parts, Williams-Sonoma, Ross Stores and Intuit on Thursday; Dollar Tree and Veradigm Inc on Friday.

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.