MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

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

Semi-Conductors Lead Equity Losses, ESU4 Still Has Technical Room To Drop

US STOCKS
  • Equities have been under pressure ever since a short-lived push higher with the cash open, with the day’s weakness driven by semiconductor names and Nvidia in particular (-5.8%) rather than a macro angle considering real yields are little changed to marginally lower on the day.
  • Accordingly, e-minis see solid declines for the Nasdaq 100 (-0.9%) and S&P 500 (-0.5%), whilst the Dow Jones (+0.1%) and Russell 2000 (+0.2%) outperform.
  • ESU4 has most recently lifted ~10 points off a low of 5465.50 but technicals still have some space below with support not seen until 5432.50 (Jul 25 low).
  • Within SPX, leaders are financials (+1.3%) and energy (+0.9%, despite further declines for WTI), whilst laggers are IT (-1.6%, semi-conductors -3.5%) and consumer staples (-0.9%).
  • Microsoft (-1.0%) headlines today's after-market earnings.
Credit BulletsHomepagemarkets-real-timeCreditEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
Credit BulletsHomepagemarkets-real-timeCreditEquitiesBulletMarketsFixed 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.