Free Trial

US STOCKS: Paring Early Losses

US STOCKS
  • Major averages are holding modestly weaker in early Thursday trade, profit taking after early week gains in Information Technology and Consumer Discretionary sectors reported.
  • Currently, the DJIA trades down 74.2 points (-0.17%) at 43224.62, S&P E-Minis down 12.75 points (-0.21%) at 6085.25, Nasdaq down 33.9 points (-0.2%) at 19998.16.
  • After enjoying decent gains in the first half of the week, Semiconductor makers led laggers Thursday: Enphase -1.20%, First Solar -1.13%, Nvidia and Synopsis both -0.85%. The Consumer Discretionary sector weighed by cruise lines: Royal Caribbean -1.40%, Carnival -1.12%, Norwegian -1.06%.
  • On the flipside, Health Care and Real Estate sectors outperformed in early trade: CVS +1.29%, Henry Shein +1.16%, Humana gained 0.97% while UnitedHealth Group +0.90%. Estate management shares, particularly industrial and office REITs outperformed: Prologis +1.04%, UDR Inc +0.37%, Ventas +0.27%.
  • Looking ahead, the next round of quarterly earnings kicks off mid-January with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 13-16.
163 words

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.
  • Major averages are holding modestly weaker in early Thursday trade, profit taking after early week gains in Information Technology and Consumer Discretionary sectors reported.
  • Currently, the DJIA trades down 74.2 points (-0.17%) at 43224.62, S&P E-Minis down 12.75 points (-0.21%) at 6085.25, Nasdaq down 33.9 points (-0.2%) at 19998.16.
  • After enjoying decent gains in the first half of the week, Semiconductor makers led laggers Thursday: Enphase -1.20%, First Solar -1.13%, Nvidia and Synopsis both -0.85%. The Consumer Discretionary sector weighed by cruise lines: Royal Caribbean -1.40%, Carnival -1.12%, Norwegian -1.06%.
  • On the flipside, Health Care and Real Estate sectors outperformed in early trade: CVS +1.29%, Henry Shein +1.16%, Humana gained 0.97% while UnitedHealth Group +0.90%. Estate management shares, particularly industrial and office REITs outperformed: Prologis +1.04%, UDR Inc +0.37%, Ventas +0.27%.
  • Looking ahead, the next round of quarterly earnings kicks off mid-January with Blackrock, Bank of NY Melon, Wells Fargo, JP Morgan, Goldman Sachs, Citigroup, US Bancorp, M&T Bank and PNC all reporting between January 13-16.