MNI: Canada Apr-Sept Budget Deficit Widens On Spending

CANADA'S TRUDEAU: I CONTINUE TO HAVE GOOD TALKS WITH TRUMP

MNI BRIEF: Little Macro Difference On Rate Oprions- de Guindos

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI BRIEF: China Extends U.S. Import Tariff Exemption List

EZ/UK T-Bill Calendar: Germany, Netherlands, France Due Monday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

CANADA Q3 GDP ANNUALIZED +1.0% AS EXPECTED ON GOVT, CONSUMERS

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

Late Equities Roundup: Testing Session Lows Post FOMC

US STOCKS
  • Stocks are weaker late Wednesday, near lows after the Fed left rates steady yet again, while Chairman Powell poured cold water on current chances of a rate cut at the next FOMC on March 20. Currently, the DJIA is down 294.34 points (-0.77%) at 38174.96, S&P E-Mini futures are down 75.5 points (-1.52%) at 4875.75, Nasdaq down 320.3 points (-2.1%) at 15191.4.
  • Laggers: Communication Services and Information Technology sectors led laggers for the second day running, interactive media and entertainment shares weighed on the former: Alphabet -6.9% after disappointing ad revenue annc, Meta -1.89%, Charter Communications -1.557%. Software and services weighed on the IT sector late: Roper Technologies -4.24%, Fortinet -2.64%, Intuit -2.39%.
  • Couple notable mentions: NY regional bank shares came under pressure after New York Community Bancorp fell over 40% on the open cut it's dividend after posting a loss on purchase of collapsed Signature Bank shares. While KBW Regional Banking Index was nearly -4%, larger banks traded firm.
  • On the flipside, shares of Boeing gained 5.1% after the CEO tried to get out in front of ongoing safety issues and efforts to improve waning confidence. Boeing declined to provide 2024 guidance after Q4 earnings, cash flow and revenue all surpassed analysts’ expectations this morning.
  • Leading gainers: Health Care and Utility sectors outperformed late, equipment and services names buoyed the former: Stryker +6.92%, Edwards Lifesciences +6.54% while Cencora gained 5.24%. Meanwhile, multi energy and electricity providers supported the Utility sector: DTE Energy +0.73, Dominion +0.20%
  • Looking ahead: corporate earnings docket after the close: MetLife and Qualcomm. Already annc'd: Boston Scientific, Phillips 66, Thermo Fisher, Old Dominion, Boeing, Mastercard, Hess Corp. On tap for Thursday: International Paper, Call Corp, Stanley Black & Decker, Honeywell, Sirius XM, Apple, Merck, Eaton Corp,
HomepageEquitiesAT&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.