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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: Extending Late Session Highs
- Stocks continue to extend late session highs with Information Technology and Consumer Discretionary sectors outperforming. Currently, DJIA is up 364.15 points (0.96%) at 38270.56, S&P E-Minis up 49.5 points (0.98%) at 5096, Nasdaq up 244.1 points (1.6%) at 15852.1.
- Leading gainers: Edging past IT stocks in late trade, Broadline retailers supported the Consumer Discretionary sector: Amazon +3.27%, TJX +1.19%, LKQ Corp +1.03%. On the flipside, Etsy's lackluster earnings saw shares tumble 15.89%. Chip stocks continued to buoy the IT sector in late trade: Qualcomm surged 9.77% after beating earnings late Wednesday in addition to positive forward guidance. Monolithic Power +9.66%, Nvidia +2.87%.
- Laggers: Materials and Health Care sectors continued to underperform in late trade: chemical stocks weighing on the former: Mosaic Cos -5.71%, CF Industries -5.40%, Linde PLC -4.60%. Meanwhile, pharmaceuticals shares weighed on the Health Care sector: Eli Lilly -2.45%, JNJ -0.93%, BMY -0.81%.
- Expected corporate earnings announcements after today's close: Apple Inc, Kellanova, Booking Holdings, Block, Ingersoll Rand, EOG Resources, Pioneer Natural Resources, Expedia, Cable One, Coinbase Global, US Steel, Amgen, Monster Beverage.
- Early Friday releases: Hershey, CBRE Group, Microchip Technology, B Riley Financial, Equinix, Cheniere Energy, CBOE Global.
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.