Free Trial

Stocks More Mixed as Bounce Fades

EQUITIES
  • Equity markets started the session well, with a strong finish in the Asia-Pac region feeding into a positive European morning. This price action soon faded upon the opening bell, however, with reports of a fresh wave of website outages (reminiscent of the Fastly outage in early June) knocking a number of popular websites offline.
  • This sent stocks slightly lower, but losses were muted with the S&P500 trading either side of unchanged after the London close.
  • The stocks that drove the bounce off Monday's lows, namely the energy and financials sectors, lagged throughout Thursday trade and were the poorest performers in the S&P 500.
  • Earnings remain a key market driver, with some of the poorest performers in the S&P 500 including Southwest Airlines and Texas Instruments slipping after their reports. At the other end of the table, Domino's Pizza traded with gains of over 10% following their strong turnout.

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.