US STOCKS: Early Equities Roundup: Near Flat on Wk After All-Time Highs Thursday
Jul-11 15:47
- SPX eminis and Nasdaq indexes retreated from the prior sessions all-time highs early Friday, eminis within a few ticks of where they finished last Thursday before the extended 4th of July Holiday. Stocks retreated late Thursday evening after Pres Trump called for 35% tariff on Canadian goods to commence August 1.
- Weaker price action was relatively contained, however, as exact tariff details still to be announced (whether USMC trade exemptions will still apply). Currently, the DJIA trades down 267.45 points (-0.6%) at 44383.43, S&P E-Minis down 14.75 points (-0.23%) at 6309.25, Nasdaq up 12.5 points (0.1%) at 20643.18.
- Health Care sector shares reversed the prior session gains to lead decliners in the first half: Baxter International -3.48%, Molina Healthcare -3.23%, Gilead Sciences -3.20%, , Bristol-Myers Squibb -3.19% and Charles River Laboratories -2.95%.
- Materials and Financial sectors also underperformed, laggers included: Albemarle -3.74%, Dow Inc -2.45% and Freeport-McMoRan -2.10%; financial services stocks included Mastercard -1.93%, MSCI -1.88% and Visa -1.87%.
- Reminder, banks and financial stocks report earning next week Tuesday: Blackrock, JPMorgan Chase & Co, Wells Fargo & Co, Bank of New York Mellon, State Street Corp and Citigroup.
- On the positive side, Energy and Information Technology sectors outperformed: Halliburton +3.79%, Baker Hughes +2.19%, Schlumberger +1.86% and Diamondback Energy +1.24% buoyed the Energy sector. Meanwhile, semiconductor stocks supported IT: Arista Networks +2.66%, NVIDIA +1.69%, ANSYS +1.39% and Synopsys +1.15%.
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US STOCKS: Midday Equities Roundup: Cautiously Firmer, Off Post-CPI Highs
Jun-11 15:40
- Stocks cling to mild/moderately higher levels ahead midday Wednesday, off post-CPI data highs amid cautious optimism after several US/China trade related headlines aired this morning.
- The main topic of the talks concluded late Tuesday -- were not the imposition of tariffs that has dominated the global news and economic cycle for the past two months, but Chinese export controls on rare earth metals that are crucial for US supply chains and US restrictions on the export of semiconductors and other related technologies linked to artificial intelligence (AI) to China.
- Currently, the DJIA trades up 170.13 points (0.4%) at 43046.38, S&P E-Minis up 11.75 points (0.19%) at 6057.75, Nasdaq up 49.3 points (0.3%) at 19766.81.
- Information Technology and Health Care sectors primarily led gainers in the first half, while Materials, Consumer Staples and Communication Services sectors underperformed.
- Leading gainers included: Palantir Technologies +3.40%, Super Micro Computer +3.03%, Broadcom +2.95% and Moderna +2.46%. Separately, Starbucks +3.08%, GE Vernova +2.74%, General Motors +2.66% and Warner Bros Discovery +2.35%.
- Laggers included Lockheed Martin -5.71%, Nucor -5.18%, Intel -4.69%, PG&E -3.52%, Constellation Brands -2.86% and Best Buy Co -2.40%. Separately, airlines traded weaker with United Airlines -2.36% and Delta Air Lines -2.11%.
OPTIONS: Larger FX Option Pipeline
Jun-11 15:34
- EUR/USD: Jun13 $1.1400-05(E1.7bln), $1.1485-00(E2.0bln); Jun16 $1.1400(E1.3bln), $1.1450-65(E1.5bln), $1.1500(E1.5bln)
- USD/JPY: Jun13 Y144.00($1.2bln); Jun16 Y145.00($4.4bln)
FED: US TSY 17W BILL AUCTION: HIGH 4.220%(ALLOT 22.92%)
Jun-11 15:32
- US TSY 17W BILL AUCTION: HIGH 4.220%(ALLOT 22.92%)
- US TSY 17W BILL AUCTION: DEALERS TAKE 32.60% OF COMPETITIVES
- US TSY 17W BILL AUCTION: DIRECTS TAKE 5.12% OF COMPETITIVES
- US TSY 17W BILL AUCTION: INDIRECTS TAKE 62.28% OF COMPETITIVES
- US TSY 17W BILL AUCTION: BID/CVR 2.96
