MNI BRIEF: Trump Likely To Let Powell Serve Full Term-Moore

MNI BRIEF: Canada Household Debt Tops $3 Trillion In 3Q

MNI BRIEF: Trump Likely To Allow Powell To Serve Term - Moore

MNI INTERVIEW2: Poland To Push For EU Defence Fund

MNI BRIEF: China To Keep Stabilising Housing Market - CEWC

MNI BRIEF: China Focus On Boosting Consumption In 2025

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

US EIA:NAT GAS STORAGE -190 BCF TO 3,747 BCF DEC 06 WK

MNI: US JOBLESS CLAIMS +17K TO 242K IN DEC 07 WK

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

US STOCKS: Equities Roundup: Oil & Gas Outperforms as Mideast Conflict Heats Up

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Risk off sentiment weighed on stocks early Tuesday with wires reporting Iran is preparing to attack Israel within the next twelve hours after the latter launched a ground assault in southern Lebanon overnight. Stocks have bounced off morning lows, however, led by oil and gas stocks as the Middle East conflict helped crude prices jump higher with WTI marking 71.30 high by late morning.
  • Currently, the DJIA is down 128.61 points (-0.3%) at 42204.18, S&P E-Minis down 50 points (-0.86%) at 5765.5, Nasdaq down 277.1 points (-1.5%) at 17914.78.
  • Leading gainers in the Energy sector included APA Corp +5.11%, Marathon +3.0%, ConocoPhillips +2.95% while Occidental Petroleum gained 2.87%. Independent Power sector shares also outperformed in the foirst half: Pinnacle West +1.83%, Southern Company +1.28%, Dominion Energy +1.19%.
  • On the flipside, Information Technology and and Consumer Discretionary sectors underperformed in the first half. Hardware and semiconductor stocks weighed on IT: HP Inc -4.03%, Dell -4.01%, Monolithic Power -3.63% while Nvidia traded -3.38%. Autos makers and parts suppliers, meanwhile, weighed on the Consumer Discretionary sector: Tesla -3.23%, Aptiv -1.40%, BorgWarner -1.18%.
176 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.
  • Risk off sentiment weighed on stocks early Tuesday with wires reporting Iran is preparing to attack Israel within the next twelve hours after the latter launched a ground assault in southern Lebanon overnight. Stocks have bounced off morning lows, however, led by oil and gas stocks as the Middle East conflict helped crude prices jump higher with WTI marking 71.30 high by late morning.
  • Currently, the DJIA is down 128.61 points (-0.3%) at 42204.18, S&P E-Minis down 50 points (-0.86%) at 5765.5, Nasdaq down 277.1 points (-1.5%) at 17914.78.
  • Leading gainers in the Energy sector included APA Corp +5.11%, Marathon +3.0%, ConocoPhillips +2.95% while Occidental Petroleum gained 2.87%. Independent Power sector shares also outperformed in the foirst half: Pinnacle West +1.83%, Southern Company +1.28%, Dominion Energy +1.19%.
  • On the flipside, Information Technology and and Consumer Discretionary sectors underperformed in the first half. Hardware and semiconductor stocks weighed on IT: HP Inc -4.03%, Dell -4.01%, Monolithic Power -3.63% while Nvidia traded -3.38%. Autos makers and parts suppliers, meanwhile, weighed on the Consumer Discretionary sector: Tesla -3.23%, Aptiv -1.40%, BorgWarner -1.18%.