Free Trial

Late Equities Roundup: Off Midday Highs

US STOCKS
  • Stocks remain well bid, but off late session highs Monday, Financial and Industrial sector shares lead the broad based rebound after last week's rout.
  • Currently, the DJIA trades up 470.27 points (1.17%) at 40817.88, S&P E-Minis up 54.75 points (1.01%) at 5474.25, Nasdaq up 157.6 points (0.9%) at 16849.49.
  • Bank and servicer stocks continued to support the Financials sector in late trade: Discover +4.40%, PNC +3.45%, Travelers and KeyCorp +3.15%. Commercial/professional services stocks buoyed the Industrials sector: Paycom +4.80%, Dayforce Inc +4.53%, Cintas +2.63%.
  • On the flipside, Communication Services and Health Care sectors lagged the broader based rally, interactive media and entertainment shares weighed on the former: Google -2.02%, Take Two -0.91%, Charter Communications -0.49%. Humana -3.53%, Bio-Rad Industries -2.87%, Merck -2.08% weighed on the health Care sector.
125 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.
  • Stocks remain well bid, but off late session highs Monday, Financial and Industrial sector shares lead the broad based rebound after last week's rout.
  • Currently, the DJIA trades up 470.27 points (1.17%) at 40817.88, S&P E-Minis up 54.75 points (1.01%) at 5474.25, Nasdaq up 157.6 points (0.9%) at 16849.49.
  • Bank and servicer stocks continued to support the Financials sector in late trade: Discover +4.40%, PNC +3.45%, Travelers and KeyCorp +3.15%. Commercial/professional services stocks buoyed the Industrials sector: Paycom +4.80%, Dayforce Inc +4.53%, Cintas +2.63%.
  • On the flipside, Communication Services and Health Care sectors lagged the broader based rally, interactive media and entertainment shares weighed on the former: Google -2.02%, Take Two -0.91%, Charter Communications -0.49%. Humana -3.53%, Bio-Rad Industries -2.87%, Merck -2.08% weighed on the health Care sector.