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Why MNI
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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.
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Free AccessLate Equity Roundup: Chip Makers, Entertainment Shares Outperforming
- Stocks continued to inch higher late Thursday, nearing highs for the week as this morning's weekly jobless claims help stocks shrug off Monday's rout. Currently, the DJIA trades up 701.6 points (1.81%) at 39464.91, S&P E-Minis up 122.5 points (2.34%) at 5350.25, Nasdaq up 479.2 points (3%) at 16674.71.
- Information Technology and Communication Services sectors led the broad based rally, semiconductor makers supporting the IT sector: Monolithic Power +10.26%, ON Semiconductor +8.61%, KLA Corp +7.71%. Interactive media and entertainment shares continued to support the Communication Services sector: Meta +3.33%, Netflix +3.26%, Google +2.78%.
- Meanwhile Utility and Real Estate sectors continued to lag the rally in late trade, gas and multi-energy providers pared midweek gains: Dominion Energy -1.11%, Eversource Energy -0.75%, Atmos Energy -0.72%. Specialized and residential estate trust shares lagged: American Tower -1.3%, Crown Castle -0.60%, Vici Properties -0.51%.
- Expected earnings announcements after the close include: Take-Two Interactive Software, Expedia Group, Sweetgreen Inc, Insulet Corp, Trade Desk Inc, Array Technologies, Five9, Paramount Global, Iovance Biotherapeutics Inc, Bloom Energy Corp and Gilead Sciences Inc.
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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.