Free Trial

Late Equities Roundup: Interactive Media, O&G Stocks Outperform

US STOCKS
  • Still weaker, stocks are see-sawing off midday lows in late Monday trade, Communication Services and Energy sector stocks outperforming in the second half. Currently, DJIA is down 264.78 points (-0.67%) at 39544.79, S&P E-Minis down 15.5 points (-0.29%) at 5293.25, Nasdaq down 4.9 points (0%) at 16375.77.
  • Leading Gainers: Interactive media and entertainment stocks continued to buoy the Communication Services sector: Google +2.77%, Meta +1.23%, Netflix +0.78%. Meanwhile, Energy stocks outpaced earlier IT stocks in the second half, oil and gas stocks firmer as crude remained strong (WTI +0.66 at 83.83): APA Corp +2.36%, Occidental Petroleum +2.23%, Devon Energy +1.75%.
  • Laggers: Real Estate and Health Care sectors underperformed in late trade, REITS and estate management shares weighing on the former: Equinix -2.96%, Boston Properties -2.48%, American Tower -2.44%. Pharmaceutical stocks weighed on the Health Care sector late Monday: Illumina -3.42%, Eli Lilly -2.48%, Bristol-Myers -1.88%.

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.