FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Megacaps Weigh Heavily But Nasdaq Still Gains ~10% In Nov

US STOCKS
  • The S&P e-mini was lifted slightly off lows of 4544.75 but remains underwater today, with a headwind from higher Treasury yields following US data and Fedspeak from Daly and Williams.
  • The day’s earlier gains to 4578.25 struggled to get close to yesterday’s high of 4597-00 that stopped fractionally short of key resistance at 4597.50 (Sep 1 high).
  • The S&P e-mini tracking at -0.1% heavily outperforms the Nasdaq 100 (-0.8%), whilst underperforming the Dow (+0.9%) and Russel (+0.3%). Nasdaq monthly gains are trimmed to just under 10% vs 8% for the S&P 500.
  • In cash space, multiple major names are under pressure today, with Nvidia (-3.2%), Alphabet (-2.7%), Meta (-2.7%), Tesla (-2.1%), Amazon (-1.3%) and Microsoft (-0.8%) all seeing heavy declines.
  • Within the S&P 500, those names see communication services lag heavily (-1.6%), followed by consumer discretionary (-0.8%) and tech (-0.6%), whilst health care, industrials and materials all lead (+0.8%).
Homepagemarkets-real-timeEquitiesBulletMarketsFixed 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.