WILLIAMS: 'WAY ABOVE' AMPLE LEVEL OF RESERVES

MNI BRIEF: Goolsbee Downplays Fed Disagreement, Hotter CPI

MNI BRIEF: US Sept CPI Hotter Than Forecast; Claims Higher Too

MNI China Daily Summary: Thursday, October 10

MNI: PBOC Net Drains CNY142 Bln via OMO Thursday

EZ/UK Bond Supply Calendar: BTP Auction on Friday

US EIA:NAT GAS STORAGE +82 BCF TO 3,629 BCF OCT 04 WK

MNI: US JOBLESS CLAIMS +33K TO 258K IN OCT 05 WK

CANADA: Politics Week: Parliament Opens With Early Election Threats

AUSTRALIA: Albanese Lines Up Budget for May Election

AUSTRALIA: Albanese Lines Up Budget for May Election

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US STOCKS: Early Equities Roundup: Dow Climbs to New High

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • The DJIA rallied to new all time highs early Friday, outperforming mildly mixed S&P & Nasdaq stocks ahead noon. The latter two failing to take cues from a stimulus related China stock overnight, the strongest since 2008 Bbg reported.
  • Currently, the Dow is up 411.92 points (0.98%) at 42588.14, S&P E-Minis up 5 points (0.09%) at 5810.75, Nasdaq down 40 points (-0.2%) at 18153.58.
  • Energy and Utility sectors led gainers in the first half, oil & gas shares rebounding from better selling on weak crude prices Thursday: APA +4.28%, EQT +3.72%, Coterra +2.91%. Independent power shares buoyed the Utility sector: Vistra +3.05%, AES +2.19%.
  • Conversely, Information Technology and Consumer Discretionary sectors underperformed, semiconductors paring gains for the week: Broadcom -2.70%, Micron -2.36%, Nvidia -2.32%. Broadline retailers weighed on the Consumer Discretionary sector: Amazon -0.88%, O'Reilly Automotive -0.83%, CarMax -0.73%.

     
136 words

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.
  • The DJIA rallied to new all time highs early Friday, outperforming mildly mixed S&P & Nasdaq stocks ahead noon. The latter two failing to take cues from a stimulus related China stock overnight, the strongest since 2008 Bbg reported.
  • Currently, the Dow is up 411.92 points (0.98%) at 42588.14, S&P E-Minis up 5 points (0.09%) at 5810.75, Nasdaq down 40 points (-0.2%) at 18153.58.
  • Energy and Utility sectors led gainers in the first half, oil & gas shares rebounding from better selling on weak crude prices Thursday: APA +4.28%, EQT +3.72%, Coterra +2.91%. Independent power shares buoyed the Utility sector: Vistra +3.05%, AES +2.19%.
  • Conversely, Information Technology and Consumer Discretionary sectors underperformed, semiconductors paring gains for the week: Broadcom -2.70%, Micron -2.36%, Nvidia -2.32%. Broadline retailers weighed on the Consumer Discretionary sector: Amazon -0.88%, O'Reilly Automotive -0.83%, CarMax -0.73%.