Free Trial
CANADA DATA

Vancouver House Price Slide Eases Sequentially

EURGBP TECHS

Clears The Bull Trigger

STIR

BLOCK, More Dec'23 Vol Sales

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

Late Equity Roundup: IT Leads SPX Near 8W Highs

US STOCKS

Stocks holding sharply higher in late trade - broad based relief rally after October CPI inflation measures cool (0.4% MoM vs. 0.6% est), while rate hike expectations for year end/early 2023 recede.

  • SPX eminis currently trading +173.5 (4.62%) at 3928.75 (mid-September levels); DJIA +1018.97 (3.13%) at 33532.59; Nasdaq +639.1 (6.2%) at 10991.78.
  • SPX leading/lagging sectors: Information Technology (+6.80%) w/ semiconductors outperforming software and hardware makers edged pastConsumer Discretionary (+6.68%) w/ on-line and direct retailers still strong (ETSY +14.40%, Amazon +11.83%, Ebay +8.75%); Real Estate (+6.45%) and Communication Services (+5.77%) follow. Laggers: Consumer Staples (+1.71%), Health Care (+2.11%) and Industrials (+3.68%).
  • Dow Industrials Leaders/Laggers: Home Depot (HD) +22.62 at 309.37, Microsoft (MSFT) +15.06 at 239.57, Goldman Sachs (GS) +16.83 at 378.83. Laggers: Amgen (AMGN) -1.55 at 288.10, McDonalds (MCD) -2.81 at 274.98, Merck (MRK) -0.06 at 101.53.
135 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 holding sharply higher in late trade - broad based relief rally after October CPI inflation measures cool (0.4% MoM vs. 0.6% est), while rate hike expectations for year end/early 2023 recede.

  • SPX eminis currently trading +173.5 (4.62%) at 3928.75 (mid-September levels); DJIA +1018.97 (3.13%) at 33532.59; Nasdaq +639.1 (6.2%) at 10991.78.
  • SPX leading/lagging sectors: Information Technology (+6.80%) w/ semiconductors outperforming software and hardware makers edged pastConsumer Discretionary (+6.68%) w/ on-line and direct retailers still strong (ETSY +14.40%, Amazon +11.83%, Ebay +8.75%); Real Estate (+6.45%) and Communication Services (+5.77%) follow. Laggers: Consumer Staples (+1.71%), Health Care (+2.11%) and Industrials (+3.68%).
  • Dow Industrials Leaders/Laggers: Home Depot (HD) +22.62 at 309.37, Microsoft (MSFT) +15.06 at 239.57, Goldman Sachs (GS) +16.83 at 378.83. Laggers: Amgen (AMGN) -1.55 at 288.10, McDonalds (MCD) -2.81 at 274.98, Merck (MRK) -0.06 at 101.53.