FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Tech Bounce Saves NASDAQ Blushes

EQUITIES
  • After an impressive open for US equity markets (volumes surged in futures markets to the highest level since late January), markets were met with sizeable dip-buying, which helped spare the NASDAQ and broader US equity indices from further pronounced losses.
  • At the open, the TICK Index detected what looked like the biggest equity selling program in decades, with 2,069 names sold. This coincided with new one-month lows of 4103.75, but a decent recovery in Tech giants including Tesla, Amazon, Facebook and others limited downside.
  • Instead, the Dow Jones was Tuesday's underperformer, with energy the weakest sector alongside industrials and financials.
  • S&P 500 heads into the close lower by 0.9%, the Dow Jones lower by 1.4%, while the NASDAQ has limited losses to 0.3%.
Homepagemarkets-real-timeFixed Income BulletsEquitiesBulletMarketsEmerging Market NewsForeign 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.