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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: DJIA Leads, Energy, Utilities Outperform
- Equities remain mixed after the bell, the DJIA continues to outperform weaker Nasdaq stocks. Currently, the DJIA is up 265.92 points (0.68%) at 39416.11, S&P E-Minis down 6 points (-0.11%) at 5528.75, Nasdaq down 114 points (-0.6%) at 17576.18.
- Energy and Utility sectors led gainers in late trade, oil & gas servicer shares supporting the former as crude inched higher (WTI +0.88 at 81.61): APA Corp +4.95%, Devon Energy +4.65%, Baker Hughes +4.45%.
- Utilities outpaced Financials in the second half, independent power and multi-energy providers trading strong: NRG Energy +3.0%, AES Corp +2.82%, Public Service Enterprises Group +2.41%.
- On the flipside, Information Technology and Consumer Discretionary sectors continued to underperform, semiconductor shares weighing on the former: Despite Friday's four-fold upweighting in the SPDR S&P U.S. Technology Select Sector ETF (XLK), Nvidia traded -4.87%, Qualcomm -3.83%, Broadcom -2.57%.
- Meanwhile, broadline retailers lagged better gainers in the Consumer Discretionary sector: Amazon -1.35%, Tractor Supply -1.29%, Home Depot -1.0%.
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.