Free Trial

Stock Tear Continues, Three Days of New Highs

EQUITIES
  • Equities across the US extended their winning streak Tuesday, with the e-mini S&P running to new alltime highs for a third consecutive session. The new high watermark at 4291 brings prices well within range of the next bull trigger at 4230.
  • The US tech sector was the primary driver, with consumer discretionary and industrials names also solid. The only notable lagging sectors were utilities and consumer staples.
  • Notable outperformers were Morgan Stanley, with shares adding over 3% after announcing plans to double their dividend after passing the Fed stress tests late last week.
  • The picture across Europe was similarly positive, with Germany's DAX leading with gains of 0.9%, while French and Spanish indices were more muted.

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.