Free Trial

Late Equity Roundup: Holding Near Highs, Materials Sector Outperforms

US STOCKS

Stocks remain stronger in late trade -- holding narrow range ever since gap bid following July CPI read - flat for the month, Core inflation climbed 0.3% MoM, 5.9% YoY. Currently, SPX eminis trades +78.5 (1.9%) at 4203.25; DJIA +470.82 (1.44%) at 33248.26; Nasdaq +326.1 (2.6%) at 12820.61.

  • SPX leading/lagging sectors: Materials sector outperformed (+3.24%) lead by Albermarle (ALB) +5.81%, PPG +5.71%, Sherwin-Williams (SHW) +5.25%; Consumer Discretionary gained late (+2.79%) w/autos edging past consumer durables, Communication Services +2.75% lead by interactive media and services providers: Netflix (NFLX) +6.10%, Meta +5.74%, Dish +4.01%. Laggers: Utilities (+0.04%), Consumer Staples (+0.56%), after three consecutive session gains, Energy sector slows (+0.58%).
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +12.77 at 349.39, Microsoft (MSFT) bounces +6.39 at 288.69, Home Depot (HD) +5.59 at 310.80. Laggers: Merck (MRK) -1.26 at 88.26, United Health (UNH) -1.01 at 536.25, JNJ -0.58 at 169.60.

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.