MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Equities Roundup: Oil & Gas, Energy Providers Buoy Markets

US STOCKS
  • Stocks recovered from early sell pressure, trading mildly higher in the second half, little change in prior leaders/laggers by the bell. Currently, the DJIA is up 54.43 points (0.14%) at 38851.71, S&P E-Minis up 15.25 points (0.28%) at 5370.75, Nasdaq up 69.1 points (0.4%) at 17200.09.
  • Energy and and Utility sector shares continued to outperform in late trade, oil and gas shares supporting the former as crude prices continued to rise off last week's lows (WTI +2.39 at 77.92): APA +3.03%, Baker Hughes +2.84%, Diamondback Energy +2.38%.
  • Independent and electricity providers buoyed the Utility sector: Constellation Energy +7.66%, Vistra Corp +3.23%, NRG Energy and AES Corp both +2.68%.
  • On the flipside, Financial and Consumer Staples sectors continued to underperform, banks and financial services shares weighing on the former: Huntington Bancshares -5.04% after poor forward guidance, Key Corp and Regions Financial both -1.68% while PNC declined 1.54%.
  • Meanwhile, Consumer Staples weighed by food and beverage shares: Monster Beverage -2.98%, PepsiCo -2.7%, Kraft-Heinz -2.37%.
  • Notable earnings releases this week include: Casey's General Store, Oracle, Broadcom, Adobe and Lennar Group.
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.