VAST MAJORITY OF FOMC SAY PRUDENT TO SLOW QT FAIRLY SOON

BOC: IF THINGS EVOLVE AS EXPECTED, WILL BE APPROPRIATE TO CUT

BOC SAYS JUNE RATE CUT IS WITHIN REALM OF POSSIBILITIES

MNI BRIEF: Brazil Inflation 3.93% In March, Lowest In 9 Months

MNI Brief: China Targets Standards Update To Support Trade-ins

MNI BRIEF: Fitch China Outlook Downgrade Regrettable - MoF

MNI: US MAR TREASURY BUDGET -236.5B

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: 3/7/15+ Year BTP Auction Thursday

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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

Late Equity Roundup: Buffet Ups Occidental Holdings to 20%

US STOCKS

Stock indexes held mildly weaker after the FI close, tech-stocks continued to underperform after Micron warning "expect significant sequential declines in revenue and margins”, consumer discretionary sector weaker due to durables and autos underperforming while energy share outperformed.

  • Selling remained cautious ahead Wed's key CPI data (0.2% MoM est vs. 1.3% prior, 8.7% YoY vs. 9.1% prior). Currently, SPX eminis trades --18.0 (-0.43%) at 4124; DJIA -51.2 (-0.16%) at 32781.63; Nasdaq -144.2 (-1.1%) at 12500.63
  • SPX leading/lagging sectors: Energy sector remains strong (+1.51%) lead by Occidental Petroleum (OXY) +3.9% after report Warren Buffet increased his holdings to 20%, Marathon (MPC) +2.98%, Valero Energy (VLO) +2.90%; Utilities (+1.1%) followed by Real Estate (+0.53%). Laggers: As noted Consumer Discretionary (-1.50%), Information Technology (-0.91%) followed by Communication Services (-0.66%) w/ media and entertainment lagging.
  • Dow Industrials Leaders/Laggers: United Health (UNH) +4.29 at 540.89, McDonalds (MCD) +2.53 at 259.33, Travelers (TRV) +2.29 at 162.27, Chevron (CVX) +1.32 at 154.84. Laggers: Salesforce.com (CRM) -8.19 at 181.46, Home Depot (HD) -6.89 at 305.08, Nike (NKE) -4.00 at 110.00.
HomepageCommoditiesEquitiesAT&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.