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

US STOCKS: Late Equities Roundup

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks have gradually pared first half gains to near steady in late Tuesday trade, Dow Industrials underperforming amid modest position squaring ahead Wednesday's FOMC policy announcement.
  • The DJIA trades down 57.84 points (-0.14%) at 41564.35, S&P E-Minis down 7.5 points (-0.13%) at 5691.25, Nasdaq up 13.2 points (0.1%) at 17604.64.
  • Energy and Consumer Discretionary sectors continued to lead gainers in late trade, oil/gas and servicer shares buoyed the former as crude prices continued to gain (WTI +1.33 at 71.42): Haliburton +3.34%, APA +3.05%, Diamondback Energy +2.88%, Marathon Oil +2.64%.
  • The Consumer Discretionary sector was supported by a mix of stocks from Airbnb +4.14%, Pool Corp +3.53%, Las Vegas Sands and  Aptiv +2.45%.
  • On the flipside, Health Care and Consumer Staples sectors underperformed in the second half, the former weighed by Edwards Life Sciences -3.06%, Cigna -2.89%, Cencora -2.69%. Of note, Moderna gained 4% - a modest bounce compared to last week's 22% rout after announcing a cut in research spending by approximately $1B.
  • Meanwhile, large retailers/distribution stocks weighed on Consumer Staples: Walmart -2.37%, Kroger -1.51%, Costco -0.90%.
172 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.
  • Stocks have gradually pared first half gains to near steady in late Tuesday trade, Dow Industrials underperforming amid modest position squaring ahead Wednesday's FOMC policy announcement.
  • The DJIA trades down 57.84 points (-0.14%) at 41564.35, S&P E-Minis down 7.5 points (-0.13%) at 5691.25, Nasdaq up 13.2 points (0.1%) at 17604.64.
  • Energy and Consumer Discretionary sectors continued to lead gainers in late trade, oil/gas and servicer shares buoyed the former as crude prices continued to gain (WTI +1.33 at 71.42): Haliburton +3.34%, APA +3.05%, Diamondback Energy +2.88%, Marathon Oil +2.64%.
  • The Consumer Discretionary sector was supported by a mix of stocks from Airbnb +4.14%, Pool Corp +3.53%, Las Vegas Sands and  Aptiv +2.45%.
  • On the flipside, Health Care and Consumer Staples sectors underperformed in the second half, the former weighed by Edwards Life Sciences -3.06%, Cigna -2.89%, Cencora -2.69%. Of note, Moderna gained 4% - a modest bounce compared to last week's 22% rout after announcing a cut in research spending by approximately $1B.
  • Meanwhile, large retailers/distribution stocks weighed on Consumer Staples: Walmart -2.37%, Kroger -1.51%, Costco -0.90%.