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: Holding Decent to Moderate Gains Ahead CPI

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are holding decent to moderate gains late Wednesday, little to no reaction to the September FOMC minutes that showed "some" members wanted a 25bp cut rather than the 50bp delivered. Currently, the Dow trades up 360.8 points (0.86%) at 42440.75, S&P E-Minis up 30 points (0.52%) at 5830.5, Nasdaq up 76.9 points (0.4%) at 18260.15.
  • Information Technology and Financial sectors led gainers in late trade, carry-over support for Super Micro Computer, up 4.98% in late trade and nearly 17% on the week after strong graphics processor sales were announced. Other gainers included Corning +4.8%, Palantir +4.25%.
  • Insurance and servicer stocks led the Financial sector late Wednesday: Everest Group +4.23%, Raymond James +2.51%, Globe Life +2.41%.
  • Conversely, Utilities and Communication Services continued to underperform in lat etrade, independent power and electricity providers weighed on the Utility sector: Constellation -7.16%, NRG Energy -6.25%, Vistra -3.85%.
  • Meanwhile, interactive media and entertainment weighed on Communication Services: Google -2.16% after headlines reported the US DOJ "told a federal judge it’s considering recommending that Google be forced to sell off parts of its operations" (BBG). Match traded -2.31%, Meta -0.39%.
181 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 are holding decent to moderate gains late Wednesday, little to no reaction to the September FOMC minutes that showed "some" members wanted a 25bp cut rather than the 50bp delivered. Currently, the Dow trades up 360.8 points (0.86%) at 42440.75, S&P E-Minis up 30 points (0.52%) at 5830.5, Nasdaq up 76.9 points (0.4%) at 18260.15.
  • Information Technology and Financial sectors led gainers in late trade, carry-over support for Super Micro Computer, up 4.98% in late trade and nearly 17% on the week after strong graphics processor sales were announced. Other gainers included Corning +4.8%, Palantir +4.25%.
  • Insurance and servicer stocks led the Financial sector late Wednesday: Everest Group +4.23%, Raymond James +2.51%, Globe Life +2.41%.
  • Conversely, Utilities and Communication Services continued to underperform in lat etrade, independent power and electricity providers weighed on the Utility sector: Constellation -7.16%, NRG Energy -6.25%, Vistra -3.85%.
  • Meanwhile, interactive media and entertainment weighed on Communication Services: Google -2.16% after headlines reported the US DOJ "told a federal judge it’s considering recommending that Google be forced to sell off parts of its operations" (BBG). Match traded -2.31%, Meta -0.39%.