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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: Paring Early Losses
- Stocks continue to trade near steady to weaker (DJIA underperforming) in late Friday trade, off early session lows as shorts covered ahead of the weekend. Currently, the DJIA is down 76.02 points (-0.2%) at 38572.96, S&P E-Minis down 6.25 points (-0.11%) at 5432.25, Nasdaq up 8.9 points (0.1%) at 17676.47.
- Information Technology continued to lead gainers for the fourth consecutive session, software and semiconductor outperforming: Adobe is currently up 14.60% after beating 2Q earnings late Thursday citing strong AI demand. Other gainers included Broadcom, adding +3.79% to Thursday's strong gains after beating estimates late Wednesday, ServiceNow +2.56%, Autodesk +1.62%.
- Meanwhile, interactive media and entertainment supported Communication Services in late trade: Netflix +2.87%, Take Two +0.81%, Google +0.62%.
- Industrials and Materials sectors underperformed in the second half, industrial and electric machinery shares weighed on the former: Parker-Hannifin -5.47%, Howmet Aerospace -5.69%, GE Vernova -4.18%. Shares of chemical companies weighed on Materials in late trade: Albemarle -4.07%, Air Products % Chemicals -2.94%, Eastman Chemicals -2.84%.
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.