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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: Off Lows, DJIA Outperforming
- Stocks are mostly weaker in late Thursday trade, off second half lows with the Dow outperforming. S&P Eminis and Nasdaq consolidated after climbing new all-time highs (5,707.75 and 18,661.46 respectively) after this morning's lower CPI data showed a decline in inflation metrics for June.
- Currently, the DJIA is up 41.07 points (0.1%) at 39762.84, S&P E-Minis down 44.75 points (-0.79%) at 5643.25, Nasdaq down 330.2 points (-1.8%) at 18317.35.
- Information Technology and Communication services sectors continued to underperform in late trade, semiconductor makers reversing midweek gains: Lam Research -5.42%, Applied Materials -4.74%, Nvidia -4.6%.
- Interactive media and entertainment shares weighed on the Communication services sector: Meta -4.37%, Netflix -4.02% Google -2.67%.
- Conversely, Real Estate and Utilities sectors continued to lead gainers in late trade, estate management shares stronger: SBA Comm +6.90%, Alexandria Real Estate +6.27%, CoStar Group +4.9%. Water and gas shares supported the Utilities sector: AES Corp +3.85%, Dominion Energy +3.47%, American Water Works +2.55%.
- Reminder, banks kick off the latest equity earnings cycle tomorrow: Wells Fargo, Bank of NY Mellon, JP Morgan and Citigroup headlining.
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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.