MNI China Daily Summary: Friday, February 3

MNI BRIEF: Professional Forecasters Up Inflation Outlook: ECB

MNI BRIEF: China To Fully Reopen Borders With HK and Macau

MNI DATA FORECASTS: RBA, Riksbank In Focus

MNI: US ISM JAN SERVICES COMPOSITE INDEX 55.2

RBA Watch

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

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

Key Support Remains Exposed

AUDUSD TECHS

Pullback Extends, But Still Looks Corrective in Nature

US TSYS

FED Remains in Play Post-NFP/ISM Data

US TSYS

Implied Vol Buoyed Post-NFP/ISM, Real Vol Delivered

US

President Biden To Conclude Infrastructure Tour In Philadelphia

US STOCKS

Late Equity Roundup: Early Support Evaporates Ahead Weekend

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
Trending Top 5
Market News Topics

Late Equity Roundup: Autos Weigh on Consumer Discretionary Sector

US STOCKS
HomepageEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income NewsForeign Exchange News

Stocks turning weaker in late trade after see-sawing off lows in the second half. Trading desks cited combination of crude oil bouncing off lows, the largest decline in mortgage rates since 1981 falling to 6.61% (Bbg citing Freddie Mac), and a decline in market volatility

  • Information Technology and Health Care sectors outperforming as SPX eminis currently trade -35.5 (-0.89%) at 3932.5; DJIA -140.18 (-0.42%) at 33410.86; Nasdaq -107.7 (-1%) at 11075.15.
  • SPX leading/lagging sectors: Information Technology (-0.31%) as hardware makers lead semiconductor and software makers (Cisco +4.99%, JNPR +1.94%, HPE +1.90%); Health Care sector next up (-0.33%) w/ pharmaceuticals and biotechs outpaced equipment makers. Laggers: Utilities (-2.16%), Consumer Discretionary (-2.02%) auto makers and retailing names lagging.
  • Dow Industrials Leaders/Laggers: United Health (UNH) remained strong +7.72 at 519.24, Amgen (AMGN) +3.04 at 286.81, Cisco (CSCO) +2.20 at 46.59. Laggers: Home Depot (HD) -6.96 at 307.95, Salesforce.Com (CRM) -5.99 at 149.13, Caterpillar (CAT) -3.18 at 228.24.
151 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.

Stocks turning weaker in late trade after see-sawing off lows in the second half. Trading desks cited combination of crude oil bouncing off lows, the largest decline in mortgage rates since 1981 falling to 6.61% (Bbg citing Freddie Mac), and a decline in market volatility

  • Information Technology and Health Care sectors outperforming as SPX eminis currently trade -35.5 (-0.89%) at 3932.5; DJIA -140.18 (-0.42%) at 33410.86; Nasdaq -107.7 (-1%) at 11075.15.
  • SPX leading/lagging sectors: Information Technology (-0.31%) as hardware makers lead semiconductor and software makers (Cisco +4.99%, JNPR +1.94%, HPE +1.90%); Health Care sector next up (-0.33%) w/ pharmaceuticals and biotechs outpaced equipment makers. Laggers: Utilities (-2.16%), Consumer Discretionary (-2.02%) auto makers and retailing names lagging.
  • Dow Industrials Leaders/Laggers: United Health (UNH) remained strong +7.72 at 519.24, Amgen (AMGN) +3.04 at 286.81, Cisco (CSCO) +2.20 at 46.59. Laggers: Home Depot (HD) -6.96 at 307.95, Salesforce.Com (CRM) -5.99 at 149.13, Caterpillar (CAT) -3.18 at 228.24.