TRUDEAU SAYS `WE HAVE A LOT OF WORK TO DO'

MNI BRIEF: Canada NDP Will Bring Nonconfidence Motion In Jan.

CANADA NDP SAYS WILL INTRODUCE NONCONFIDENCE MOTION

MNI China Daily Summary: Friday, December 20

MNI: PBOC Net Drains CNY103.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1901 Fri; -2.13% Y/Y

EZ/UK T-Bill Calendar: Greece to Sell Bills Monday

EZ/UK Bond Supply Calendar: BOE APF Sales Due 6 January

MNI: BELGIUM DEC BNB BUSINESS CONFIDENCE -13.8

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: IT, Communication Services Continue to Lead

US STOCKS
USEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsNorth America
  • Stocks continue to climb off early session lows, S&P Eminis and Nasdaq indexes still outperforming modestly weaker DJIA late Tuesday. Currently, the DJIA trades down 160.92 points (-0.37%) at 43228.04, S&P E-Minis up 9.25 points (0.16%) at 5929.25, Nasdaq up 140 points (0.7%) at 18930.95.
  • Information Technology and Communication Services sectors led gainers in late trade, IT most notably led by Super Micro Computer that gapped more than 40% higher in early trade after the company hired a new auditor and filed plans to come into listing compliance with the Nasdaq. Off highs, Super Micro Computer was +31.34%, Nvidia +3.87%, Crowdstrike Holdings +2.56%.
  • The Communication Services sector was buoyed by interactive media and entertainment shares: Netflix +2.96%, Alphabet +1.59%, Warner Bros +1.11%.
  • On the flipside, Energy and Financial sectors underperformed in lat etrade, Oil and gas stocks weighed on the Energy sector even as crude prices rebounded (WTI +0.14 at 69.30): APA Corp -2.09%, Devon Energy -1.91%, Schlumberger -1.62%.
  • Insurance companies weighed on the Financials sector: Prudential Financial -2.51%, Principle Financial -1.82%, Chubb -1.43%.
  • Big names still to report earnings this week include: Target, Williams-Sonoma, TJX, Nvidia, Palo Alto Networks, Intuit, Copart and the Gap.
190 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 continue to climb off early session lows, S&P Eminis and Nasdaq indexes still outperforming modestly weaker DJIA late Tuesday. Currently, the DJIA trades down 160.92 points (-0.37%) at 43228.04, S&P E-Minis up 9.25 points (0.16%) at 5929.25, Nasdaq up 140 points (0.7%) at 18930.95.
  • Information Technology and Communication Services sectors led gainers in late trade, IT most notably led by Super Micro Computer that gapped more than 40% higher in early trade after the company hired a new auditor and filed plans to come into listing compliance with the Nasdaq. Off highs, Super Micro Computer was +31.34%, Nvidia +3.87%, Crowdstrike Holdings +2.56%.
  • The Communication Services sector was buoyed by interactive media and entertainment shares: Netflix +2.96%, Alphabet +1.59%, Warner Bros +1.11%.
  • On the flipside, Energy and Financial sectors underperformed in lat etrade, Oil and gas stocks weighed on the Energy sector even as crude prices rebounded (WTI +0.14 at 69.30): APA Corp -2.09%, Devon Energy -1.91%, Schlumberger -1.62%.
  • Insurance companies weighed on the Financials sector: Prudential Financial -2.51%, Principle Financial -1.82%, Chubb -1.43%.
  • Big names still to report earnings this week include: Target, Williams-Sonoma, TJX, Nvidia, Palo Alto Networks, Intuit, Copart and the Gap.