Free Trial

Late Equity Roundup

US STOCKS
  • Stocks are gradually paring losses in late trade, paring risk ahead tomorrow's policy announcement from the FOMC. Currently, S&P E-Mini futures are down 15.5 points (-0.34%) at 4485.5, Nasdaq down 31.1 points (-0.2%) at 13679.48, DJIA down 166.44 points (-0.48%) at 34459.11.
  • Laggers: Shift in early price action, Energy sector shares are now underperforming as crude prices reverse early gains/trade weaker (WTI at 90.30 -1.18 vs. 93.70 high in the first half): Marathon Petroleum -3.4%, Halliburton -3.05%, EOG Resources -2.95%.
  • Broadline retailers continued to weigh on Consumer Discretionary: Amazon and Bath & Body Works both -2.0%, AutoZone -1.45%, THX -1.20%. Meanwhile, electrical equipment and construction shares weighed on Industrials: Deere & Co -3.0%, Eaton Corp -2.95%, Carrier Global -2.75%.
  • Leaders: Communication Services, Health Care and Information Technology outperformed, the latter bouncing in the second half as hardware makers gained traction: Seagate +1.7%, Corning Inc +1%, Western Digital +0.96%. Communication Services shares buoyed by telecom and media shares: Take Two Interactive +2.6%, Fox +0.95%, Meta +0.82%.

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.