Free Trial

Stocks Sag

US STOCKS

Stocks pared gains at the top of the hour, bouncing back slightly: SPX eminis currently trading -2.25 (-0.06%) at 4003.5; DJIA +35.83 (0.11%) at 33165.24; Nasdaq -3.9 (0%) at 11488.71.

  • Trading desks citing news META plans to cut thousands of jobs getting more traction after Washington Post article (follows earlier headline of Italy investigators looking into unpaid VAT). At the moment, Energy (-0.90%), Communication Services (-0.43%) and Information Technology (-0.37%) sectors underperforming
  • Main stock weighing on IT, however: Keysight Technology (KEYS) -17.0% at the moment, this after beating earnings est late Tuesday ($2.02 vs. $1.85). META on the other hand -0.62%.

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.