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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 Session Highs
- Stocks continued to march higher late Thursday, led by strong gains in Consumer Discretionary and Information Technology sector shares following this morning's better than expected Retail Sales data.
- Currently, the DJIA trades up 531.71 points (1.33%) at 40540.67, S&P E-Minis up 90 points (1.64%) at 5566.25, Nasdaq up 399.2 points (2.3%) at 17591.49.
- Rebounding from midweek selling, autos, broadline retailers and apparel stocks continued to buoy the Consumer Discretionary sector in lat etrade: Ulta Beauty +12.17% after Berkshire Hathaway announced a new stake in the company, Tesla +6.28%, Lululemon +6.94%. Of note, Walmart surged 7.0% after beating earnings estimates, climbing to a new highs over 76.60.
- Semiconductor makers continued to support the IT sector: ON Semiconductor +7.5%, Micron +7.14%, Enphase +6.91%, with a broad swath of stocks from Applied Materials to Qualcomm +3.5-5% after noon.
- On the flipside, Utilities and Real Estate sector shares continued to underperform in late trade, electricity/multi-energy shares weighing on the former: Eversource -2.23%, Consolidated Edison -1.55%, Evergy -0.91%. Specialized and health care REITs weighed on the Real Estate sector: American Tower -2.20%, Welltower -1.22%, Equinix -1.21%.
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.