MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Japan Nov CGPI Rises 3.7% Y/Y, Import Prices Drop

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI: USDA: 2024/2025 CORN PRODUCTION EST 15.14B BSL

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

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: Oil & Gas Still Leads Even as Risk Off Cools

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks have bounced off session lows as risk-off sentiment abates in late trade, Treasury futures receded from session highs after IDF officials reported "no additional threats" after Iran missile attack largely intercepted in transit to Israel and Israelis allowed to exit shelters. Nasdaq lagging the Dow and Eminis as the two are close to unchanged in late trade.
  • Currently, the DJIA is down 22.51 points (-0.05%) at 42308.14, S&P E-Minis down 35.5 points (-0.61%) at 5779.25, Nasdaq down 218.9 points (-1.2%) at 17970.35.
  • Stocks had bounced off lows earlier as the Middle East conflict helped crude prices jump (WTI marking 71.30 high) in turn supporting oil and gas shares. The dynamic continues in late trade even though WTI crude has scaled back support (WTO trading 69.75).
  • Leading gainers in the Energy sector included APA Corp +4.5%, Marathon +3.38%, ConocoPhillips +3.33% while Occidental Petroleum gained 3.28%. Independent Power sector shares continued to outperform: Vistra +3.02%, Pinnacle West +1.85%, Constellation Energy +1.83%.
  • On the flipside, Information Technology and and Real Estate sectors underperformed in late trade. Hardware and semiconductor stocks weighed on IT: HP Inc -3.44%, Dell -3.53%, Apple -3.19% while Intel trades -2.98%. Investment trusts, particularly Industrial and Residential REITs weighed on the Real Estate sector: Prologis -1.60%, Federal Realty Inv -1.48%, Alexandra Real Estate -1.46%.
212 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 bounced off session lows as risk-off sentiment abates in late trade, Treasury futures receded from session highs after IDF officials reported "no additional threats" after Iran missile attack largely intercepted in transit to Israel and Israelis allowed to exit shelters. Nasdaq lagging the Dow and Eminis as the two are close to unchanged in late trade.
  • Currently, the DJIA is down 22.51 points (-0.05%) at 42308.14, S&P E-Minis down 35.5 points (-0.61%) at 5779.25, Nasdaq down 218.9 points (-1.2%) at 17970.35.
  • Stocks had bounced off lows earlier as the Middle East conflict helped crude prices jump (WTI marking 71.30 high) in turn supporting oil and gas shares. The dynamic continues in late trade even though WTI crude has scaled back support (WTO trading 69.75).
  • Leading gainers in the Energy sector included APA Corp +4.5%, Marathon +3.38%, ConocoPhillips +3.33% while Occidental Petroleum gained 3.28%. Independent Power sector shares continued to outperform: Vistra +3.02%, Pinnacle West +1.85%, Constellation Energy +1.83%.
  • On the flipside, Information Technology and and Real Estate sectors underperformed in late trade. Hardware and semiconductor stocks weighed on IT: HP Inc -3.44%, Dell -3.53%, Apple -3.19% while Intel trades -2.98%. Investment trusts, particularly Industrial and Residential REITs weighed on the Real Estate sector: Prologis -1.60%, Federal Realty Inv -1.48%, Alexandra Real Estate -1.46%.