MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Equities Roundup: Energy & Industrials Continue to Lag

US STOCKS
  • Stocks remain mixed in late Monday trade, the DJIA and S&P Eminis lagging mildly higher Nasdaq stocks after this morning's weaker economic data. Stocks reversed opening gains after lower than anticipated ISM Manufacturing and Construction Spending data dampened risk appetites but spurred projected rate cut pricing by year end.
  • Currently, the DJIA is down 221.68 points (-0.57%) at 38463.93, S&P E-Minis down 16 points (-0.3%) at 5279.75, Nasdaq up 16.1 points (0.1%) at 16750.56.
  • Energy and Industrials sectors continue to underperform in late trade, oil and gas equipment and services shares weighing on the former as crude prices gapped lower (WTI -2.86 at 74.13) amid reports OPEC+ planned to restore output. Diamondback Energy -5.02%, Haliburton -5.26%, Schlumberger -3.79% and Baker Hughes -4.05%.
  • Construction and engineering shares weighed on Industrials: Builders FirstSource Inc -5.0%, United Rentals -4.52%, Parker-Hannifin -3.98%.
  • On the flipside, Health Care and Information Technology sectors continued to outperform, pharmaceuticals and biotech shares buoyed the former: Moderna +3.92%, Vertex +2.86%, Bristol Myers +2.46%. Meanwhile, semiconductor stocks supported IT: Nvidia gained 3.70% after announcing a 10-fpr-1 stock split Friday, Micron +1.45% First Solar +0.85%.
  • Still some notable earnings releases this week: Bath & Body Works, Crowdstrike, HP, Dollar Tree, Campbell Soup, Five Below Inc, Victoria Secret, Toro, Vail Resorts and Docusign.
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.