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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: Profit Taking Ahead Jackson Hole
- Still up on the week, major equity indexes are trading weaker late Thursday, taking profits ahead the start of the Jackson Hole economics symposium. Currently, the DJIA trades down 184.22 points (-0.45%) at 40706.9, S&P E-Minis down 39.75 points (-0.7%) at 5602.25, Nasdaq down 229 points (-1.3%) at 17690.33.
- Information Technology and Consumer Discretionary sectors underperformed late trade, semiconductor stocks weighing on the former: Intel -4.86%, Lam Research -3.76%, Applied Materials -3.70%. The Consumer Discretionary sector weighed by autos and broadline retailers: Tesla -4.13%, Amazon -1.44%, Etsy -1.20%.
- Conversely, Energy and Financial sectors outperformed: oil and gas stocks underpinned as crude prices rallied (WTI +0.89 at 72.82): EOG Resources +0.81%, Williams +0.73%, Exxon Mobil +0.68%. Financial services buoyed the latter: Franklin Resources +3.99%, Regions Financial +2.16%, State Street +1.96%.
- Late cycle corporate earnings after today's close Ross Stores. Intuit and Cava Group.
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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.