Free Trial

Late Equities Roundup: DJIA Extends Gains, Banks & Miners Leading

US STOCKS
  • Stocks remain mixed late Tuesday, while the SPX Eminis remain inside narrow session range, the Dow continues to outperform at the start of the two day FOMC meeting. Currently, the DJIA is up 126.91 points (0.33%) at 38460.29, S&P E-Mini futures down 1 points (-0.02%) at 4953.5, Nasdaq down 109.9 points (-0.7%) at 15517.94.
  • Leading gainers: Financials and Material sector shares outperform late Tuesday, banks supporting the former: Citigroup +5.23%, Bank of America +3.67%, JP Morgan +2.12%. Shares of mining companies buoyed the Materials sector: Nucor gained +6.82% after beating 4Q earnings est's late Monday, while Steel Dynamics gained +4.49%.
  • Laggers: Information Technology and Communication Services sectors led laggers in the second half, hardware and equipment makers weighing on the former: Western Digital -2.88%, Apple -2.01%, Zebra -1.57%. Notable mention: Corning surged 6.58% after beating Q4 earnings est's this morning. Meanwhile, interactive media and entertainment shares weighed on communication services in late trade: Warner Brothers -2.81%, Netflix -2.07%, Match Group -1.50%.
  • Looking ahead: corporate earnings docket after the close: Microsoft, AMD, Alphabet, Electronic Arts, Starbucks, Stryker and Teradyne. Already annc's: Sysco, UPS, JetBlue, PulteGroup, GM, Marathon Petroleum, Pfizer, Johnson Controls, Corning and FCA Healthcare.

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.