MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

Late Equities Roundup: Paring Gains, Dow Still Up on Week

US STOCKS
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Still strong in late trade, stocks drew some profit taking/position squaring ahead of the weekend. The Dow outpaced the S&P Eminis and Nasdaq indexes as the former climbed back to July 18 levels.
  • Currently, the DJIA is up 649.11 points (1.63%) at 40584.79, S&P E-Minis up 52.5 points (0.96%) at 5494.5, Nasdaq up 149.1 points (0.9%) at 17331.79.
  • Industrial and Financial sectors continued to outperform in late trade, manufacturing and construction names supporting the former: better than expected earnings and up-revised profit forecasts helps 3M surge 21.73%, GE Vernova +7.58%, Stanley Black & Decker +6.42. Insurance and financial companies buoyed the Financial sector: AON +7.48%, Hartford +6.21%, Cincinnati Financial Group +3.31%.
  • On the flipside, Energy and Consumer Staples sectors continued to lag the broad based rally, weaker crude (WTI -1.50 at 76.73) weighing on oil and gas shares: Phillips 66 -0.33%, Occidental Petroleum and APA both -0.13%, EQT Corp -0.05%. Meanwhile, retailers weighed on the Consumer Staples sector: Walmart -0.36%, Costco and Dollar General both -0.18%.
  • Earnings announcement are largely done for the week. Monday kicks off with Arbor Realty, Revvity Inc, McDonalds Corp and ON Semiconductors early on; SBA Communications, Welltower, Chesapeake Energy, Lattice Semiconductor and Sybmotic after Monday's close.
197 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.
  • Still strong in late trade, stocks drew some profit taking/position squaring ahead of the weekend. The Dow outpaced the S&P Eminis and Nasdaq indexes as the former climbed back to July 18 levels.
  • Currently, the DJIA is up 649.11 points (1.63%) at 40584.79, S&P E-Minis up 52.5 points (0.96%) at 5494.5, Nasdaq up 149.1 points (0.9%) at 17331.79.
  • Industrial and Financial sectors continued to outperform in late trade, manufacturing and construction names supporting the former: better than expected earnings and up-revised profit forecasts helps 3M surge 21.73%, GE Vernova +7.58%, Stanley Black & Decker +6.42. Insurance and financial companies buoyed the Financial sector: AON +7.48%, Hartford +6.21%, Cincinnati Financial Group +3.31%.
  • On the flipside, Energy and Consumer Staples sectors continued to lag the broad based rally, weaker crude (WTI -1.50 at 76.73) weighing on oil and gas shares: Phillips 66 -0.33%, Occidental Petroleum and APA both -0.13%, EQT Corp -0.05%. Meanwhile, retailers weighed on the Consumer Staples sector: Walmart -0.36%, Costco and Dollar General both -0.18%.
  • Earnings announcement are largely done for the week. Monday kicks off with Arbor Realty, Revvity Inc, McDonalds Corp and ON Semiconductors early on; SBA Communications, Welltower, Chesapeake Energy, Lattice Semiconductor and Sybmotic after Monday's close.