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MNI: PBOC Sets Yuan Parity Lower At 7.1334 Tues; -1.30% Y/Y

CHINA PBOC CONDUCTS CNY267.3 BILLION VIA 7-DAY REVERSE REPOS TUES

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Late Equities Roundup: Off New Late Cycle Highs, DJIA Underperforming

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  • S&P Eminis and Nasdaq indexes managed to extend all-time highs briefly late Wednesday (5,454.5 and 17,724.57 respectively), pared gains after Chairman Powell ended his post FOMC press conference, the DJIA trading weaker: down 105.11 points (-0.27%) at 38646.31, S&P E-Minis up 36.75 points (0.68%) at 5420.75, Nasdaq up 233.8 points (1.3%) at 17579.39.
  • Information Technology and Industrial sectors outperformed in late trade, hardware and semiconductor makers supporting the former, Oracle +13.39% after better than expected earnings & revenue growth, Skyworks +7.59%, Apple +6.09%, Autodesk +5.13%.
  • Air and ground transportation shares buoyed the Industrial sector in the second half: Uber +5.56%, Delta Air +2.96%, American Air +2.44 while United gained 2.16%.
  • Energy and Consumer Staples sectors continued to underperform in late trade, oil & gas shares weighing on the former: Valero -3.45%, Marathon Petroleum -3.0%, Chevron -2.39%.
  • Household and personal product makers weighed on Consumer Staples: Estee Lauder -3.0%, Kenvue Inc -2.87%, Procter & Gamble -1.58%.
  • Notable earnings releases after today's close: Broadcom, Adobe and Lennar Group late Thursday.
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  • S&P Eminis and Nasdaq indexes managed to extend all-time highs briefly late Wednesday (5,454.5 and 17,724.57 respectively), pared gains after Chairman Powell ended his post FOMC press conference, the DJIA trading weaker: down 105.11 points (-0.27%) at 38646.31, S&P E-Minis up 36.75 points (0.68%) at 5420.75, Nasdaq up 233.8 points (1.3%) at 17579.39.
  • Information Technology and Industrial sectors outperformed in late trade, hardware and semiconductor makers supporting the former, Oracle +13.39% after better than expected earnings & revenue growth, Skyworks +7.59%, Apple +6.09%, Autodesk +5.13%.
  • Air and ground transportation shares buoyed the Industrial sector in the second half: Uber +5.56%, Delta Air +2.96%, American Air +2.44 while United gained 2.16%.
  • Energy and Consumer Staples sectors continued to underperform in late trade, oil & gas shares weighing on the former: Valero -3.45%, Marathon Petroleum -3.0%, Chevron -2.39%.
  • Household and personal product makers weighed on Consumer Staples: Estee Lauder -3.0%, Kenvue Inc -2.87%, Procter & Gamble -1.58%.
  • Notable earnings releases after today's close: Broadcom, Adobe and Lennar Group late Thursday.