MNI: BRAZIL'S COPOM RAISES SELIC RATE 50BPS TO 11.25%

BOC'S ROGERS SEES INTEREST RATES FURTHER NORMALIZING

FED: Powell's Time Looks Up, Replacement Could Be Less Willing To Cut Rates?

MNI NBP WATCH: Rates Held; Inflation, Growth Outlooks Revised

MNI BRIEF: NBP Holds Key Rates At 5.75%

MNI China Daily Summary: Wednesday, Nov 6

EZ/UK Bond Supply Calendar: Spain, France Auction on Wednesday

US EIA: CRUDE OIL STOCKS EX SPR +2.15M TO 427.7M NOV 01 WK

CANADA OCT IVEY PURCHASING MANAGERS INDEX 52 SA

EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US STOCKS: Post-Election Rally Forges New All-Time Highs

US STOCKS
USEquitiesNorth AmericaBulletGlobalFixed Income BulletsForeign Exchange BulletsRegionMarkets
  • Stocks continue to mark new all-time highs late Wednesday - a Trump presidency seen as positive for business, credit risks waning. Currently, the DJIA trades up 1426.58 points (3.38%) at 43649.52, S&P E-Minis up 139.25 points (2.4%) at 5951.5, Nasdaq up 517.7 points (2.8%) at 18956.76.
  • Financials and Energy sectors continued to lead gainers in late trade, banks and financial services outperforming: Synchrony +18.41%, Discover +18.16%, Capital One +14.03%. Meanwhile, Goldman Sachs gains 12.94%, Wells Fargo +11.92%, Morgan Stanley +12.32% and JP Morgan +10.55%. Oil & gas services shares continued to support the Energy sector: Baker Hughes +11.35%, Schlumberger +8.87%, EQT Corp +7.81% while Halliburton gains 7.33%.
  • Real Estate and Consumer Staples sectors lagged the post-election rally: investment trusts, particularly specialized and Health Care REITS underperformed: Iron Mountain -9.16%, American Tower -7.14%, Public Storage -5.26%. A mix of broadline retail and personal product makers weighed on Staples: Dollar Tree -7.89%, Brown-Forman -4.62%, Colgate-Palmolive -3.9%.
  • With over 75% of of the S&P reporting earnings already, a large backlog of earnings announcements expected after today's close include: Corteva,  Albemarle, Energy Transfer, Take-Two Interactive Software, Duolingo, Gilead Sciences, APA Corp, McKesson Corp, Williams Cos, Dutch Bros, Match Group, Lyft, Core Scientific, Permian Resources, Zillow Group, Guardant Health, Fair Isaac, QUALCOMM, AMC Entertainment, Coherent, Wolfspeed.
208 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 mark new all-time highs late Wednesday - a Trump presidency seen as positive for business, credit risks waning. Currently, the DJIA trades up 1426.58 points (3.38%) at 43649.52, S&P E-Minis up 139.25 points (2.4%) at 5951.5, Nasdaq up 517.7 points (2.8%) at 18956.76.
  • Financials and Energy sectors continued to lead gainers in late trade, banks and financial services outperforming: Synchrony +18.41%, Discover +18.16%, Capital One +14.03%. Meanwhile, Goldman Sachs gains 12.94%, Wells Fargo +11.92%, Morgan Stanley +12.32% and JP Morgan +10.55%. Oil & gas services shares continued to support the Energy sector: Baker Hughes +11.35%, Schlumberger +8.87%, EQT Corp +7.81% while Halliburton gains 7.33%.
  • Real Estate and Consumer Staples sectors lagged the post-election rally: investment trusts, particularly specialized and Health Care REITS underperformed: Iron Mountain -9.16%, American Tower -7.14%, Public Storage -5.26%. A mix of broadline retail and personal product makers weighed on Staples: Dollar Tree -7.89%, Brown-Forman -4.62%, Colgate-Palmolive -3.9%.
  • With over 75% of of the S&P reporting earnings already, a large backlog of earnings announcements expected after today's close include: Corteva,  Albemarle, Energy Transfer, Take-Two Interactive Software, Duolingo, Gilead Sciences, APA Corp, McKesson Corp, Williams Cos, Dutch Bros, Match Group, Lyft, Core Scientific, Permian Resources, Zillow Group, Guardant Health, Fair Isaac, QUALCOMM, AMC Entertainment, Coherent, Wolfspeed.