NEW CANADA FINANCE MIN SAYS TRUDEAU HAS CABINET'S FULL SUPPORT

MNI BRIEF: Fed To Expand SRF Around Year-End Market Pressures

MNI BRIEF: Justice Min Declines To Say If Trudeau Should Stay

MNI CNB WATCH: Rate Held At 4.0%; Inflation Rise 'Temporary'

MNI BRIEF: High Bar For Changing 100BP Guidance-BCB's Galipolo

MNI BRIEF: US Nov Existing Home Sales Jumps 4.8% To 4.15M

EZ/UK Bond Supply Calendar: AS, UK, DE Auction on Jan 7

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

US EIA:NAT GAS STORAGE -125 BCF TO 3,622 BCF DEC 13 WK

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: Paring Second Half Losses

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks are bouncing off second half lows late Tuesday, in-line with position squaring theme ahead key CPI inflation and PPI data the next two sessions. Currently, the DJIA trades down 238.57 points (-0.54%) at 44055.9, S&P E-Minis down 6 points (-0.1%) at 6025.75, Nasdaq up 7.5 points (0%) at 19305.07.
  • Materials and Utilities sectors continued to underperform in late trade, metals and mining stocks weighing on the former: Mosaic -8.24%, Albemarle -5.82%, FMC Corp -5.65%. Independent energy providers weighed on the Utility sector: Constellation -4.01%, AES -3.60%, Vistra -3.47%, NRG Energy -2.83%.
  • On the flipside, Information Technology and Communication Services outperform in late trade, semiconductor stocks rebounding from Monday's sell-off: Adobe +4.53%, Nvidia +2.18%, Fortinet +1.90%. Interactive media and entertainment buoyed the Communication Services sector: Live Nation +4.14%, Fox Corp +2.26%, News Corp +1.68% and Netflix +1.32%.
  • Earnings expected after today's close: Occidental Petroleum, Skyworks Solutions. Cisco expected late Wednesday, followed by Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences on Thursday.
160 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 bouncing off second half lows late Tuesday, in-line with position squaring theme ahead key CPI inflation and PPI data the next two sessions. Currently, the DJIA trades down 238.57 points (-0.54%) at 44055.9, S&P E-Minis down 6 points (-0.1%) at 6025.75, Nasdaq up 7.5 points (0%) at 19305.07.
  • Materials and Utilities sectors continued to underperform in late trade, metals and mining stocks weighing on the former: Mosaic -8.24%, Albemarle -5.82%, FMC Corp -5.65%. Independent energy providers weighed on the Utility sector: Constellation -4.01%, AES -3.60%, Vistra -3.47%, NRG Energy -2.83%.
  • On the flipside, Information Technology and Communication Services outperform in late trade, semiconductor stocks rebounding from Monday's sell-off: Adobe +4.53%, Nvidia +2.18%, Fortinet +1.90%. Interactive media and entertainment buoyed the Communication Services sector: Live Nation +4.14%, Fox Corp +2.26%, News Corp +1.68% and Netflix +1.32%.
  • Earnings expected after today's close: Occidental Petroleum, Skyworks Solutions. Cisco expected late Wednesday, followed by Walt Disney, Applied Materials, Williams-Sonoma, Copart and Cogent Biosciences on Thursday.