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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: Eminis Off New All-Time High, Financials Lead
- Off post-NFP lows, stocks marched higher in the second half before profit taking tempered support with indexes mildly lower after the bell. S&P Eminis made new all-time high of 5385.5 while the DJIA remains well off mid-May all time high of 40,065.18. Currently, the DJIA is down 24.63 points (-0.06%) at 38889.44, S&P E-Minis down 6.5 points (-0.12%) at 5363, Nasdaq down 52.1 points (-0.3%) at 17138.41.
- Financial and Industrial sector shares continued to lead gainers in late trade, banks and insurance providers supported the former: Capital One +3.15%, Discover Financial Services +2.49%, Travelers +2.07% while JP Morgan gained 1.85%. Industrials sector led by 3M Co +3.48%, United Rentals +2.27%, WW Grainger +2.05%.
- On the flipside, Real Estate and Materials sectors continued to underperform, investment trusts, particularly office and hotel REITs weighed on the former: Boston Properties -2.42%, American Tower -2.19%, Alexandria Real Estate -1.58%. Metals and mining shares weighed on the Materials sector - partially due to Gold falling over $75.0 amid reports China has curbed their 18-month buying program: Newmont -4.92%, Freeport-McMoRan -3.38% while Steel Dynamics declined 1.75%.
- Looking ahead to next week's notable earnings releases: Autodesk, Casey's General Store, Oracle, Broadcom, and Adobe.
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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.