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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.
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Free AccessParing Early Gains, Health Care Sector Outperforms
- Stocks are trading mildly mixed into the FI close, Dow components outperforming at the moment while SPX eminis trades mildly weaker after climbing to the highest levels since mid-April 2022 Friday morning. S&P E-Mini Future are down 2.25 points (-0.05%) at 4540.75, DJIA up 135.45 points (0.39%) at 34529.73, Nasdaq down 19.8 points (-0.1%) at 14115.99.
- BlackRock, JP Morgan, Wells Fargo, State Street and Citigroup all beat estimates this morning. Financial sector shares lagged gains in Health Care after UnitedHealth Grp also beat estimates this morning (2Q adj $6.14 vs. $5.95 est), UNH shares up 7.2% in late trade. Other health services share gains included Elevance Health +5.3%, Cigna +4.80% and Humana +2.7%.
- Laggers: Energy and Materials sectors underperformed, partly due to decline in crude (WTI -1.48 at 75.41) and Gold on the day (-2.19 at 1958.32). APA -4.7%, Marathon and Devon Energy -4.15%; Miners: Nucor -1.8, Freeport McMoRan -2.1%.
- Look ahead: Banks announcing next week: Bank of New York Mellon, Bank of America, Charles Schwab, Morgan Stanley, Citizens Financial, M&T Bank, Northern Trust, US Bancorp, Goldman Sachs, Discover Financial, Fifth Third Bancorp, KeyCorp, Truist Financial, Capital One, Comerica, Huntington Bancshares and American Express.
To read the full story
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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.