CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Late Equity Roundup: Modest Gains Led By Banks, Broadline Retailers

US STOCKS
  • Stocks are drifting mildly higher after scaling back midday gains, Financial and Consumer Discretionary sectors outperforming in late trade. Early two-tier recovery: stocks had opened weaker but bounced after "noisy" NFP and ISM data. At the moment: DJIA is 11.14 points (0.03%) at 37453.29, S&P E-Mini futures up 4.25 points (0.09%) at 4733.25, Nasdaq up 16.6 points (0.1%) at 14527.85.
  • Leading gainers: Banks supported Financials for the second day running: Citizens Financial +3.19%, Comerica +3.11%, Fifth Third Bancorp +3.05%. Reminder, banks lead the next quarterly earnings cycle that starts next week Friday with BlackRock, Bank of America, Wells Fargo, JPMorgan, Citigroup and Bank of NY Mellon.
  • Meanwhile, Consumer Discretionary stocks outpaced IT shares in the second half with broadline retailers outperforming: Bath & Body Work +3.61%, CarMax +1.81%, Pool Corp +1.63%.
  • Laggers: Consumer Staples and Real Estate sectors continued to lag in the second half, household and personal products weighed on the former: Procter & Gamble -1.06%, Estee Lauder -0.87%, Church and Dwight -0.67%. Estate management shares weighing on the former: CBRE -0.51%, CoStar Group -0.17%,

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.