Free Trial
COPPER TECHS

(Z2) Trades Through Support

US

MNI POLITICAL RISK - US Daily Brief

US TSYS

Early Eurodollar/SOFR/Treasury Option Roundup

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: Finishing on Weaker Tone

US STOCKS

Week looked to finish w/ a risk-off tone as Tsys held broadly higher, SPX trading near late session lows after climbing to week high of 4013.25 early Friday (highest lvl since June 10).

  • Stocks sold off after preliminary July reading of the SP Global mfg PMI of 52.3 vs. 52.0 exp (52.7 in June), service sector miss at 47.0 vs. 52.7 est (steady to June read). After the FI close, SPX eminis trades -50.75 (-1.27%) at 3950; DJIA -236.2 (-0.74%) at 31796.7; Nasdaq -264.5 (-2.2%) at 11794.1.
  • SPX leading/lagging sectors: Utilities (+0.76%), Consumer Staples (+0.31%), Real Estate (+0.37%). Laggers: Communication Services (-4.58%) -- surprisingly not lead by Twitter (-0.73%) after earnings miss (-$0.35 loss vs. $0.137 est), but by Verizon (-7.81%) after earnings miss ($1.31 vs. $1.327 est), followed by Meta (-7.59%) and Google (-5.89%).
  • Dow Industrials Leaders/Laggers: American Express (AXP) +3.20 at 153.38 after strong earnings ($2.57 vs. $2.389 est), Procter & Gamble (PG) +1.43 at 142.20, Home Depot (HD) +0.41 at 305.41. Laggers: Microsoft (MSFT) -5.01 at 259.83, United Health (UNH) -3.36 at 519.10, Visa (V) -2.87 at 213.32 and Boeing (BA) -2.73 at 158.68
185 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.

Week looked to finish w/ a risk-off tone as Tsys held broadly higher, SPX trading near late session lows after climbing to week high of 4013.25 early Friday (highest lvl since June 10).

  • Stocks sold off after preliminary July reading of the SP Global mfg PMI of 52.3 vs. 52.0 exp (52.7 in June), service sector miss at 47.0 vs. 52.7 est (steady to June read). After the FI close, SPX eminis trades -50.75 (-1.27%) at 3950; DJIA -236.2 (-0.74%) at 31796.7; Nasdaq -264.5 (-2.2%) at 11794.1.
  • SPX leading/lagging sectors: Utilities (+0.76%), Consumer Staples (+0.31%), Real Estate (+0.37%). Laggers: Communication Services (-4.58%) -- surprisingly not lead by Twitter (-0.73%) after earnings miss (-$0.35 loss vs. $0.137 est), but by Verizon (-7.81%) after earnings miss ($1.31 vs. $1.327 est), followed by Meta (-7.59%) and Google (-5.89%).
  • Dow Industrials Leaders/Laggers: American Express (AXP) +3.20 at 153.38 after strong earnings ($2.57 vs. $2.389 est), Procter & Gamble (PG) +1.43 at 142.20, Home Depot (HD) +0.41 at 305.41. Laggers: Microsoft (MSFT) -5.01 at 259.83, United Health (UNH) -3.36 at 519.10, Visa (V) -2.87 at 213.32 and Boeing (BA) -2.73 at 158.68