US STOCKS: Late Equities Roundup: Late Session Consolidation
Feb-10 20:01
- First half support that saw DJIA rise to a new record high of 50,512.79 Tuesday, is consolidating late Tuesday as accounts squared up or took profits ahead of tomorrow's January employment report. Stocks drew some decent selling in the first half after Peter Navarro, counselor to Pres Trump, expressed the "need to revise expectations on monthly job numbers".
- Currently, the DJIA trades up 130.24 points (0.26%) at 50267.06, S&P E-Minis down 4.75 points (-0.07%) at 6978.25, Nasdaq down 66.4 points (-0.3%) at 23173.5.
- Utilities and Consumer Discretionary sector shares continued to lead advances in late trade: Vistra Corp gained +4.5% after upgrades from Goldman Sachs and Jefferies, Dominion Energy +3.29%, Eversource Energy +2.85% and Sempra +2.71%.
- Mostly travel related shares buoyed the Consumer Discretionary sector in the first half: Marriott International +9.19%, Hasbro Inc +7.42%, Norwegian Cruise Line +4.16%, PulteGroup +3.71% and Expedia Group +2.92%.
- Meanwhile, a mix of IT & Financial Services sector shares underperformed: S&P Global -9.12%, Raymond James Financial -8.20%, Western Digital -7.69%, Charles Schwab -7.69%, Ameriprise Financial -7.13%, Moody's -6.97%, Intel Corp -6.52%, Seagate Technology -6.40% and Sandisk Corp-5.51%.
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AUSSIE 3-YEAR TECHS: (H6) Recovery Mode
Jan-10 22:45
- RES 3: 97.796 - 1.618 proj of the Sep 3 - 12 - 15 price swing
- RES 2: 96.780 - High Jun 26 (cont)
- RES 1: 96.700 - High Sep 12
- PRICE: 95.890 @ 16:40 GMT Jan 9
- SUP 1: 95.740 - Low Dec 22
- SUP 2: 95.480 - Low 1st Nov ‘23
- SUP 3: 94.932 - 1.0% 10-dma envelope
Prices bounced again Thursday, supported by strength in global bond markets and a smoother inflation picture at the December CPI print. As such, prices edged further away from recent lows. Nonetheless, slower pricing for additional RBA easing - and partial pricing for a return to rate hikes in 2026 - should keep the front-end of the curve under pressure. This keeps prices well below prior resistance at 96.615, the Sep 12 high, and refocuses attention on 95.480 as the next major support.
MNI: MNI TEST 02, Please Ignore
Jan-09 23:36
Test Test TEST
MNI: MNI Test, Please Ignore
Jan-09 23:30
Test, ignore
