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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 Morning Highs
- Stocks are mixed in late Monday trade, paring gains after S&P Eminis and Nasdaq indexes marked new all-time highs (5,637.50 and 18,389.46 respectively). Currently, the DJIA is down 52.77 points (-0.13%) at 39323.44, S&P E-Minis up 1 points (0.02%) at 5622.5, Nasdaq up 31.6 points (0.2%) at 18384.74.
- Information Technology and Materials sectors continued to lead gainers in late trade, semiconductor makers buoyed the former: Intel +5.56%, Enphase +4.23%, AMD +3.30%. Shares of chemical makers a close second: Ecolab +2.25%, FMC Corp +1.85%, Int Flavors and Fragrances +1.75%.
- On the flipside, Communication Services and Energy sectors remained weaker in late trade, interactive media and entertainment shares weighed on the former: Paramount reversed early gains after announcing details of a $8B merger with Skydance Media to -4.36% (no debt required for merger, while $400M fee will be incurred if deal does not go through), Charter communications -3.33%, Meta -2.34%.
- Meanwhile, oil and gas shares traded weaker as crude inched lower (WTI -0.96 at 82.20). Valero -2.70%, Phillips66 -1.73%, Exxon Mobil -1.54%.
- Reminder, the latest equity earnings cycle kicks off in earnest Friday, banks headline: Wells Fargo, Bank of NY Mellon, JP Morgan and Citigroup.
To read the full story
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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.