MNI BRIEF: Japan Govt Nominates Koeda For BOJ Board

MNI BRIEF: Japan Dec Services PPI Rises 2.9% Vs. Nov's 3%

MNI: JAPAN DEC SERVICES PPI +2.9% Y/Y; NOV UNREV +3.0%

MNI BRIEF: U.S. Senate Confirms Bessent as Treasury Secretary

MNI NBH WATCH: Base Rate To Hold At 6.5% Despite Price Uptick

MNI China Daily Summary: Monday, January 27

MNI: UK JAN BRC SHOP PRICES -0.4% M/M, -0.7% Y/Y

EZ/UK T-Bill Calendar: 3/6-Month ATB Auction on Tuesday

EZ/UK Bond Supply Calendar: Austria Synd, NE, IT, UK, DE Tues

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: Communication, Financial Sectors Underperform

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Major averages held weaker levels late Monday, near session lows after reversing modest gains following the lower than expected Wholesale Trade sales data (-0.1% vs. 0.2% est; prior up revised to 0.5% from 0.3%, however). Currently, the DJIA trades down 92.59 points (-0.21%) at 44550.28, S&P E-Minis down 27.25 points (-0.45%) at 6072, Nasdaq down 107 points (-0.5%) at 19752.76.
  • Communication Services and Financial sectors underperformed in the second half, leading laggers in the Communication sector included Comcast -9.72% after the CEO announced a 100k subscriber drop at a UBS investor event this morning, Omnicom Group -8.98% after announcing $13B deal to merge with Interpublic (IPG), while Charter Communications -7.23% on lackluster broadband subscriber numbers.
  • Insurance and services companies weighed on the Financial sector: MetLife -3.75%, Harford and Travelers both -3.20% while Prudential declined 2.85%.
  • Of interest, China officials announced they were investigating Nvidia over alleged anti-monopoly violations, the chip stock trading down 2.39% in late trade.
  • Conversely, Health Care and Energy sectors led gainers in late trade, pharmaceuticals and service providers buoyed the Health Care sector: Charles River Labs +5.05%, Molina and Centene both +4.1% while Elevance Health gained 3.71%.
  • Following the fall of the Assad regime in Syria this weekend, the power vacuum lending to increased uncertainty in the Middle East with crude prices rising (WTI +1.26 at 68.46). That in turn supported oil and gas shares with APA +4.84%, Occidental Petroleum +3.208%, Valero +2.86%.
  • Meanwhile some standout earnings announcements this week include Toll Brothers and Oracle after today's close. AutoZone Inc kicks off Tuesday morning followed by GameStop after the close. Midweek on: Macy's, Adobe, Costco and Broadcom.
265 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.
  • Major averages held weaker levels late Monday, near session lows after reversing modest gains following the lower than expected Wholesale Trade sales data (-0.1% vs. 0.2% est; prior up revised to 0.5% from 0.3%, however). Currently, the DJIA trades down 92.59 points (-0.21%) at 44550.28, S&P E-Minis down 27.25 points (-0.45%) at 6072, Nasdaq down 107 points (-0.5%) at 19752.76.
  • Communication Services and Financial sectors underperformed in the second half, leading laggers in the Communication sector included Comcast -9.72% after the CEO announced a 100k subscriber drop at a UBS investor event this morning, Omnicom Group -8.98% after announcing $13B deal to merge with Interpublic (IPG), while Charter Communications -7.23% on lackluster broadband subscriber numbers.
  • Insurance and services companies weighed on the Financial sector: MetLife -3.75%, Harford and Travelers both -3.20% while Prudential declined 2.85%.
  • Of interest, China officials announced they were investigating Nvidia over alleged anti-monopoly violations, the chip stock trading down 2.39% in late trade.
  • Conversely, Health Care and Energy sectors led gainers in late trade, pharmaceuticals and service providers buoyed the Health Care sector: Charles River Labs +5.05%, Molina and Centene both +4.1% while Elevance Health gained 3.71%.
  • Following the fall of the Assad regime in Syria this weekend, the power vacuum lending to increased uncertainty in the Middle East with crude prices rising (WTI +1.26 at 68.46). That in turn supported oil and gas shares with APA +4.84%, Occidental Petroleum +3.208%, Valero +2.86%.
  • Meanwhile some standout earnings announcements this week include Toll Brothers and Oracle after today's close. AutoZone Inc kicks off Tuesday morning followed by GameStop after the close. Midweek on: Macy's, Adobe, Costco and Broadcom.