MNI: Japan Nippon Life To Up Yen Bonds, Hedged Foreign Assets

RPT-MNI INTERVIEW: CPI Rent Easing To Continue - Apt List

MNI: Japan Sumitomo Life Eyes 30-Year JGBs Above 2%

MNI: PBOC Conducts CNY2 Bln Via OMO Weds; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1048 Weds; -4.92% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS WEDS

Broad-Based IFO Strength Another Sign Of Economic Stabilisation

MNI: ITALY ISTAT APR CONSUMER CONF INDEX  95.2 VS MAR 96.5

MNI: GERMANY APR IFO BUSINESS CLIMATE INDEX 89.4

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Equities Roundup: Under Pressure, Near Round Number Support

US STOCKS
Credit BulletsHomepageCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • Stocks are trading weaker late Monday amid ongoing, reversing this morning's bounce off Friday's lows as Middle East geopolitical tensions sapped markets risk appetite. Several rounds of program selling reported after Israeli military officials said they had "no choice but to retaliate against Iran" Axios reported.
  • S&P E-Mini future neared round number technical support of 5100.0 late rebounded to 5118.5 down 49 points (-0.95%) at 5118.5, Nasdaq down 233.7 points (-1.4%) at 15940.88, DJIA down 189.23 points (-0.5%) at 37790.59.
  • Laggers: Real Estate and Information Technology sector shares underperformed in late trade, estate management and services weighed on the former: CoStar Group -3.46%, CBRE Group -2.43%. Software stock weighed on the IT sector late: Salesforce -6.72%, Enphase -4.27%, ServiceNow Inc -3.73%.
  • Leading Gainers: Health Care and Financial sector stocks outperformed in the first half, equipment and services shares buoyed the former with Centene +3.35%, Cardinal Health +2.12%, United Health Care +1.52%. Banks led gains in the Financial sector after announcing better than expected earnings this morning: M&T Bank +4.52%, Goldman Sachs +2.99%, Wells Fargo (annc last Friday) +0.71%.
  • Expected to announce quarterly earnings Tuesday: Bank of NY Melon, PNC Financial, Bank of America and Morgan Stanley.
193 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.
  • Stocks are trading weaker late Monday amid ongoing, reversing this morning's bounce off Friday's lows as Middle East geopolitical tensions sapped markets risk appetite. Several rounds of program selling reported after Israeli military officials said they had "no choice but to retaliate against Iran" Axios reported.
  • S&P E-Mini future neared round number technical support of 5100.0 late rebounded to 5118.5 down 49 points (-0.95%) at 5118.5, Nasdaq down 233.7 points (-1.4%) at 15940.88, DJIA down 189.23 points (-0.5%) at 37790.59.
  • Laggers: Real Estate and Information Technology sector shares underperformed in late trade, estate management and services weighed on the former: CoStar Group -3.46%, CBRE Group -2.43%. Software stock weighed on the IT sector late: Salesforce -6.72%, Enphase -4.27%, ServiceNow Inc -3.73%.
  • Leading Gainers: Health Care and Financial sector stocks outperformed in the first half, equipment and services shares buoyed the former with Centene +3.35%, Cardinal Health +2.12%, United Health Care +1.52%. Banks led gains in the Financial sector after announcing better than expected earnings this morning: M&T Bank +4.52%, Goldman Sachs +2.99%, Wells Fargo (annc last Friday) +0.71%.
  • Expected to announce quarterly earnings Tuesday: Bank of NY Melon, PNC Financial, Bank of America and Morgan Stanley.