Free Trial

Late Equity Roundup: Nasdaq Holds Modest Bid

US STOCKS
  • Off second half lows, stocks are looking mildly weaker for the most part, Nasdaq still outperforming: Nasdaq up 12.8 points (0.1%) at 16009.48, DJIA down 19.13 points (-0.05%) at 39112.1; S&P E-Minis down 11.75 points (-0.23%) at 5089.5.
  • Leading Gainers: Information Technology and Consumer Discretionary sectors continued to outperform in late trade, chip stocks supported the IT sector as they rebounded from Friday sell pressure: Micron +5.3%, Applied Materials +2.96%, KLA Corp +2.4%. Auto makers buoyed the Consumer Discretionary sector: Tesla +4.07%, while GM gained +0.63%.
  • Laggers: Utilities and Communication Services sectors underperformed in late trade, multi- and independent energy providers weighed the former: PG&E -3.55%, Dominion Energy -3.26%, Alliant Energy -3.06%. Interactive media and entertainment shares weighed on the Communication sector: Google -3.76%, Live Nation -2.94%, Charter Communications -2.47%.
  • Looking ahead: corporate earnings after the close include: AES, SBA Communications, iRobot, Zoom Video and Everbridge Inc.

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.