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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: IT Leads SPX Eminis to New Contract Highs
- Stocks remain well bid late Friday, SPX Eminis scaling off contract highs of 4874.25 amid modest selling/position squaring ahead of the weekend.
- Information Technology shares continue to lead while Financials outpaced Communication Services shares in the second half. Currently, S&P E-Mini futures are up 55 points (1.14%) at 4866.75, DJIA is up 399.5 points (1.07%) at 37873.21, Nasdaq up 226.5 points (1.5%) at 15283.73.
- Leading gainers: Chip stocks and hardware makers led gainers in the IT sector amid ongoing/widening AI demand: Broadcom +6.03%, Lam Research +4.92%, Texas Instruments +4.79%, Qualcom +4.71%. Meanwhile, bank shares buoyed Financials in late trade: M&T Bank +5.20%, KeyCorp +4.62%, US Bancorp +3.74%.
- Laggers: Utilities and Consumer Staples sectors underperformed in the second half. Independent power and water providers weighed on the former: AES -2.36%, NextEra Energy -0.80%, American Water Works -.25%. Food and beverage shares weighed on the former: Bunge Global -1.21%, Hormel -0.97%, Tyson Foods -0.77%.
- Corporate earnings resume Monday: United Airlines, Brown & Brown and AGNC Investments expected to announce after the close.
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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.