MNI: PBOC Net Drains CNY238.9 Bln via OMO Friday; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.0101 Fri; +4.14% Y/Y

MNI BRIEF: PBOC To Cut RRR and Key Rates From Sept 27

CHINA PBOC CONDUCTS CNY333 BLN VIA 14-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.0101 FRI VS 7.0354

MNI BRIEF: Japan Sept Tokyo Core CPI Rises 2.0% Vs. Aug 2.4%

Japan Tokyo Sep Core CPI +2.0% Y/Y

MNI JAPAN SEPT TOKYO CORE CPI +2.0% Y/Y; AUG +2.4%

MNI BRIEF: Canada Business Closure Rate Highest Since Pandemic

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: Late Equities Roundup: Dow Underperforming

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Dow Industrials traded weaker, near session lows late Wednesday while S&P Eminis and Nasdaq indexes see-sawed +/-10.0 around steady. Relatively subdued trade as accounts await more substantive data to trade off of such as next week's September employment data to gauge the Fed's next move for rates. Currently, the DJIA is down 252.86 points (-0.6%) at 41956.01, S&P E-Minis down 11.5 points (-0.2%) at 5780.25, Nasdaq up 6.7 points (0%) at 18081.26.
  • Utilities and Information Technology sectors continued to lead gainers in late trade, independent and electricity providers supported the former: Vistra +6.90%, Constellation Energy +4.56%, AES Corp +2.59%. Semiconductor stocks buoyed the IT sector for the second day running: Hewlett Packarrd +4.85%, Intel +3.49%, AMD +2.55%.
  • Conversely, Energy and Health Care sectors continued to underperform, crude prices coming off recent highs (WTI -1.88 at 69.68) likely weighing on O&G shares: Haliburton -3.6%, Diamondback Energy -2.51%, Schlumberger -2.58%. Pharmaceuticals weighed on the Health Care sector: Amgen -4.97%, IQVIA Holdings -3.64%, Charles River Labs -3.42%.
162 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.
  • Dow Industrials traded weaker, near session lows late Wednesday while S&P Eminis and Nasdaq indexes see-sawed +/-10.0 around steady. Relatively subdued trade as accounts await more substantive data to trade off of such as next week's September employment data to gauge the Fed's next move for rates. Currently, the DJIA is down 252.86 points (-0.6%) at 41956.01, S&P E-Minis down 11.5 points (-0.2%) at 5780.25, Nasdaq up 6.7 points (0%) at 18081.26.
  • Utilities and Information Technology sectors continued to lead gainers in late trade, independent and electricity providers supported the former: Vistra +6.90%, Constellation Energy +4.56%, AES Corp +2.59%. Semiconductor stocks buoyed the IT sector for the second day running: Hewlett Packarrd +4.85%, Intel +3.49%, AMD +2.55%.
  • Conversely, Energy and Health Care sectors continued to underperform, crude prices coming off recent highs (WTI -1.88 at 69.68) likely weighing on O&G shares: Haliburton -3.6%, Diamondback Energy -2.51%, Schlumberger -2.58%. Pharmaceuticals weighed on the Health Care sector: Amgen -4.97%, IQVIA Holdings -3.64%, Charles River Labs -3.42%.