MNI BRIEF: BOC Releasing Pandemic Actions Review Jan 17

BANK OF CANADA RELEASING PANDEMIC REVIEW REPORT ON JAN 17

MNI China Daily Summary: Monday, January 13

MNI BRIEF: China December Vehicle Sales Up 10.5%

MNI BRIEF: PBOC To Add Forex Reserves Allocation In HK - Pan

MNI BRIEF: China 2024 Oil Imports Down 1.9%

MNI BRIEF: China 2024 Exports Grow 5.9% Y/Y

CHINA DEC EXPORTS +10.7% Y/Y VS MEDIAN +7.4% Y/Y: CUSTOMS

CHINA 2024 EXPORTS +7.1% IN YUAN TERM: CUSTOMS

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US STOCKS: Late Equities Roundup: Late Recover, Tech Stocks to the Fore

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Major averages drifted off midday lows late Friday, Nasdaq outperforming the DJIA and SPX Eminis as support for Information Technology sector shares gained momentum. Currently, the DJIA trades down 44.71 points (-0.1%) at 43870.08, S&P E-Minis down 3 points (-0.05%) at 6057.75, Nasdaq up 21.9 points (0.1%) at 19924.64.
  • Technology stocks continued to lead gainers after Broadcom announced better than expected earnings and a huge jump in revenue tied to AI this morning, currently trading up over 24.45%. Knock on support carried over to Arista Networks +4.93%, Micron +3.26%, Teradyne +2.28%.
  • Not all tech stocks continued to benefit, however, as Nvidia swung from +1.2% to -2.13%, Super Micro Computer -4.72%, AMD -3.60% and Microchip Technology -2.44%.
  • Otherwise, Consumer Discretionary and Health Care sectors lead gainers in late trade, autos and apparel supported the former with Tesla +3.32%, Tapestry +2.70%, Deckers Outdoor +0.59%.
  • Late support for the Health Care sector was driven by Centene Corp +3.93% after UBS analysts upgraded the provider to a buy, Molina +2.30%, UnitedHealth Group +2.16%.
  • Metals and mining shares continued to weigh on the Material sector with Nucor declining another 4.82% after losing 5% on Thursday following several downgrades after raising quarterly dividends slightly ($0.54 to 0.55), Albemarle -4.63% and Steel Dynamics -3.81% on lower demand.
  • Interactive media and entertainment shares weighed on the Communication Services sector with Paramount Global -3.48%, Electronic Arts -3.34% after a Cowen analyst estimated lower mobile revenues in Q4, Warner Brothers -3.16%, Charter Communications -2.55%.
  • Slowing down into year end, still some notable earnings announcements expected next week from General Mills, Micron, Lennar, CarMax, Conagra, Cintas, FedEx, Nike and Carnival.
263 words

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.
  • Major averages drifted off midday lows late Friday, Nasdaq outperforming the DJIA and SPX Eminis as support for Information Technology sector shares gained momentum. Currently, the DJIA trades down 44.71 points (-0.1%) at 43870.08, S&P E-Minis down 3 points (-0.05%) at 6057.75, Nasdaq up 21.9 points (0.1%) at 19924.64.
  • Technology stocks continued to lead gainers after Broadcom announced better than expected earnings and a huge jump in revenue tied to AI this morning, currently trading up over 24.45%. Knock on support carried over to Arista Networks +4.93%, Micron +3.26%, Teradyne +2.28%.
  • Not all tech stocks continued to benefit, however, as Nvidia swung from +1.2% to -2.13%, Super Micro Computer -4.72%, AMD -3.60% and Microchip Technology -2.44%.
  • Otherwise, Consumer Discretionary and Health Care sectors lead gainers in late trade, autos and apparel supported the former with Tesla +3.32%, Tapestry +2.70%, Deckers Outdoor +0.59%.
  • Late support for the Health Care sector was driven by Centene Corp +3.93% after UBS analysts upgraded the provider to a buy, Molina +2.30%, UnitedHealth Group +2.16%.
  • Metals and mining shares continued to weigh on the Material sector with Nucor declining another 4.82% after losing 5% on Thursday following several downgrades after raising quarterly dividends slightly ($0.54 to 0.55), Albemarle -4.63% and Steel Dynamics -3.81% on lower demand.
  • Interactive media and entertainment shares weighed on the Communication Services sector with Paramount Global -3.48%, Electronic Arts -3.34% after a Cowen analyst estimated lower mobile revenues in Q4, Warner Brothers -3.16%, Charter Communications -2.55%.
  • Slowing down into year end, still some notable earnings announcements expected next week from General Mills, Micron, Lennar, CarMax, Conagra, Cintas, FedEx, Nike and Carnival.