Free Trial
USD

USDJPY is through session low

ITALY AUCTION PREVIEW

New 1.75% May-24 BTP Short Term

SILVER TECHS

Bearish Focus

ENERGY

Rig Counts and COT Data after Close Today

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

Late Equity Roundup: Surging Higher, AAPL, INTC, AMZN on Tap

US STOCKS

SPX eminis looking strong after the FI close, extending highs w/ ESM2 +122.25 (2.92%) at 4302.25 -- just below initial key resistance of 4303.50/4355.50 High Apr 26 / Low Apr 18, followed by 4509.0 Apr 21 high.

  • Several large program buys noted on the move, while month end extensions could be additional factor as Citi's model sees a rotation out of bond markets and into equities.
  • Salient earnings after the close: Apple (AAPL), Western Digital (WDC), Intel (INTC), Amazon (AMZN).
  • SPX leading/lagging sectors: Information Technology (+4.04%) with bounce in tech/hardware and semiconductor shares edges past Communication Services late (+4.27) lead by 17.6% surge in Meta (FB) while Google, Netflix and Twitter all trade stronger as well.
  • Laggers: Utilities (+1.07%), Consumer Staples (+1.42%) and Industrials (+1.46%), latter weighed down by Stanley Black & Decker (beating estimate but has weak outlook) and Caterpillar (CAT) also beat estimate -- but demand shock (as in lack of) from China spurred sales.
  • Meanwhile, Dow Industrials currently trades +747.46 points (2.24%) at 34048, Nasdaq +451.8 points (3.6%) at 12940.25.
  • Dow Industrials Leaders/Laggers: Salesforce (+12.13), Home Depot (+12.08) and United Health (+12.2). Amgen (AMGN) lead laggers -10.77 at 238.02
188 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.

SPX eminis looking strong after the FI close, extending highs w/ ESM2 +122.25 (2.92%) at 4302.25 -- just below initial key resistance of 4303.50/4355.50 High Apr 26 / Low Apr 18, followed by 4509.0 Apr 21 high.

  • Several large program buys noted on the move, while month end extensions could be additional factor as Citi's model sees a rotation out of bond markets and into equities.
  • Salient earnings after the close: Apple (AAPL), Western Digital (WDC), Intel (INTC), Amazon (AMZN).
  • SPX leading/lagging sectors: Information Technology (+4.04%) with bounce in tech/hardware and semiconductor shares edges past Communication Services late (+4.27) lead by 17.6% surge in Meta (FB) while Google, Netflix and Twitter all trade stronger as well.
  • Laggers: Utilities (+1.07%), Consumer Staples (+1.42%) and Industrials (+1.46%), latter weighed down by Stanley Black & Decker (beating estimate but has weak outlook) and Caterpillar (CAT) also beat estimate -- but demand shock (as in lack of) from China spurred sales.
  • Meanwhile, Dow Industrials currently trades +747.46 points (2.24%) at 34048, Nasdaq +451.8 points (3.6%) at 12940.25.
  • Dow Industrials Leaders/Laggers: Salesforce (+12.13), Home Depot (+12.08) and United Health (+12.2). Amgen (AMGN) lead laggers -10.77 at 238.02