Free Trial

Late Equity Roundup, Rout Deepens

US STOCKS

Stock indexes continued to extend lows in late trade, prospect of higher rates tied to EU energy price surge weighing on stocks (Consumer Discretionary, Communication Services and IT underperforming) and short FI markets Monday. Currently, SPX eminis trade -96 (-2.27%) at 4135.25; DJIA -680.97 (-2.02%) at 33024.2; Nasdaq -332.9 (-2.6%) at 12371.8.

  • Equity earnings cycle nearly complete, still some notable announcements next week: Nvidia (NVDA) late Wednesday $508 est, Dell late Thursday $1.636 est.
  • SPX leading/lagging sectors: Energy sector mildly weaker (-055%) buoyed by energy/technology companies Diamondback Energy (FANG) +0.41%, Marathon (MRO) +0.37%, Baker Hughes (BKR) +0.44%; followed by Consumer Staples (-1.22), Utilites (-1.47) and Health Care follow (-1.64%). Laggers: As noted, Consumer Discretionary (-2.89), Consumer Services (-2.84%) and Information Technology -2.88%
  • Dow Industrials Leaders/Laggers: Procter Gamble (PG) -$0.19 at 149.54, Verizon (VZ) -0.32 at 44.10, Dow -0.93 at 54.56. Laggers: Microsoft (MSFT) -8.42 at 277.69, Salesforce (CRM) -7.32 at 176.48, Home Depot (HD) -7.98 at 313.34.

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.