MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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: IT, Industrials Lead Late Gainers

US STOCKS
  • Stocks holding modest gains in late trade, off midmorning highs after S&P eminis made new cycle highs (ESH4 4898.25). Currently, S&P E-Mini futures are up 12 points (0.25%) at 4881, Nasdaq up 47.1 points (0.3%) at 15357.41, DJIA up 104.57 points (0.28%) at 37963.97.
  • Leading gainers: Information Technology and Industrial sector shares managed to lead gainers in the second half amid broad based profit taking/position squaring. Hardware makers outperformed: Western Digital +5.09%, Zebra Tech +2.46%, Seagate +2.38%. Meanwhile, Industrials were buoyed by broad based gains in transportation and capital goods: JB Hunt +3.39%, Norfolk Southern +3.04%, Builders FirstSource Inc +2.67%.
  • Laggers: Consumer Staples and Consumer Discretionary underperformed in late trade. Food and beverage shares weighed on the former for the second day running: ADM hammered -22.5% after the CFO was put on administrative leave "and cut its earnings outlook pending an investigation into the agricultural trading giant’s accounting practices" Bbg reported. A distant second/third underperformers included Bunge Global -4.39% and Monster Beverage -1.46%. Meanwhile, automakers weighed on Discretionary stocks: Tesla -2.5%, GM -.35%, Ford -.31%.
  • Reminder, corporate earnings on Tuesday: a lot of big names on the schedule: GE, JNJ, Procter & Gamble, 3M, Lockheed Martin, Verizon, Netflix and Texas Instruments tomorrow.
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.