MNI BRIEF: China Steel Market To Remain Subdued In August

MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI CNB WATCH: Cut Pace Slows To 25Bps, Price Pressures Remain

MNI BRIEF: CNB Cuts 2W Repo Rate By 25Bps To 4.5%

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

US EIA:NAT GAS STORAGE +18 BCF TO 3,249 BCF JUL 26 WK

MNI: US JUN CONSTRUCT SPENDING -0.3%

MNI: US ISM JUL MANUF PURCHASING MANAGERS INDEX 46.8

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Late Equity Roundup: Consumer Discretionary, Real Estate, IT Lagging

US STOCKS
  • Stocks remain weaker in late trade, support waning all day after this morning's stronger than expected JOLTS Job Openings (9.610M vs. 8.808M est, 8.827M prior) that also helped push Treasury 10Y yield to new 16 year high of 4.8039 (+.1253) in late trade. S&P E-Mini futures back to early June levels: down 67.25 points (-1.56%) at 4256.5, DJIA down 479.74 points (-1.43%) at 32953.52, Nasdaq down 274.7 points (-2.1%) at 13034.05.
  • Laggers: Consumer Discretionary, Real Estate and Information Technology sectors continued to underperform in late trade. Auto makers and broadline retailers weighed on Discretionary sector shares: Amazon -3.7%, Etsy -3.23%, GM -3.3%, Ford -1.87%, Tesla -1.91%.
  • Real Estate Investment Trusts (REITs) underperformed, particularly hotel and health care REITs: Welltower Inc -3.06%, Ventas -2.8%, Host Hotels -2.6%. Meanwhile, Software and services shares weighed on IT: EPAM -3.95%, Ansys -3.5%, Cadence Design -3.5%.
  • Leaders: Utilities, Materials and Energy sectors outperformed, the former taking the lead in the second half led by gas and multi-energy providers: NI Source +3.85%, CMS Energy +2.6%, Atmos +1.35%.
  • Meanwhile, metals and mining shares backstopped Materials with Nucor Corp +.71%, Energy supported by equipment and services providers: Schlumberger +0.62%, Haliburton +0.25%.
HomepageEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.