MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI China Daily Summary: Tuesday, Dec 3

MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US BLS: JOLTS OPENINGS RATE 7.744M IN OCT

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: Off Lows

US STOCKS
  • Stocks remain mixed, DJIA paring it's lead over weaker SPX and Nasdaq indexes in late trade. Currently, S&P E-Mini futures are down 16.25 points (-0.36%) at 4455, Nasdaq down 121.3 points (-0.9%) at 13750.63, DJIA up 44.79 points (0.13%) at 34487.58.
  • Laggers: Information Technology, Materials and Industrials sectors continued to underperform. While a spotlight remained on Apple (down as much as 5% on the day, partly due to a expanding ban on IPhone use by China state officials), the tech firm was not the day's worst performer.
  • That would be Seagate, down 10.3% in late trade after Barclays downgraded the company citing weaker hard drive demand. Other laggers included Skyworks Solutions and Qorvo both -7.5%, and Qualcomm -7.25%.
  • Metals and mining shares weighed on Materials (FCX -2.45%) while airlines weighed on Industrials transportation subsector (AAL -2.5%, LUV -1.75%, UAL -1.35%).
  • Leaders: Utilities, Real Estate and Health Care outperformed. Electric companies buoyed Utilities for the second day running: PG&E +2.5%, Constellation Energy +2.15%, Duke Energy +2.1% Specialized real estate investment trusts buoyed the Real Estate sector: American Tower +2.65%, SBA Communication +1.75%.
  • Meanwhile, pharmaceutical and biotech shares supported Health Care: Eli Lilly +2.15%, Amgen +2.05%, Abbvie +2.0% in late trade.
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.