MNI BRIEF: Japan Oct Real Wages Unchanged Y/Y

MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

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: Health Care, Communication Services Lagging

US STOCKS
  • Stocks are trading mixed in late trade, SPX see-sawing back near modest session lows. Currently, DJIA is up 5.19 points (0.01%) at 35460.95, S&P E-Mini futures down 1.75 points (-0.04%) at 4604.25, Nasdaq up 3.6 points (0%) at 14318.27.
  • Laggers: Health Care, Consumer Staples and Communication Services sectors underperform in the second half. Pharmaceuticals and Biotech shares weighed on Health Care: JNJ -4.25% after a judge rejected the companies effort to limit talc-related lawsuits over the weekend. Meanwhile, Waters Corp -4.15%, Mettler-Toledo -3.86% in the second half. Food and drink shares weighed on staples while T-Mobile -2.2% weighed on Communication Services after reporting mixed earning/guidance last Friday.
  • Leading gainers: Energy, Real Estate and Materials sectors outperformed Monday. Oil and Gas shares outperformed equipment/services providers as crude prices continued to gain (WTI + 1.20 at 81.78): Chevron +3.15%, Exxon +2.87%, Devon Energy +2.0%.. Metals and mining shares buoyed the Materials sector: Steel Dynamics +2.5%, Nucor +2.35%.
  • Technicals: E-mini S&P contract traded to a high of 4634.50 last Thursday before reversing. This highlights a possible short-term bearish signal. Price has found resistance at the top of a bull channel drawn from the Mar 13 low - the channel top is at 4643.65 today. An extension lower would expose the 20-day EMA - at 4534.05 and a break of this level would strengthen bearish conditions. Clearance of the channel top is required to resume the uptrend.
HomepageEquitiesAT&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.