US STOCKS: Late Equities Roundup: Moderate Support Post June FOMC Minutes
Jul-09 19:16
- Stocks are drawing some support following the June FOMC minutes release late Wednesday, Treasuries extend highs, curves flatter as markets digested uneven tariff-tied inflation progress. Currently, the DJIA trades up 163.08 points (0.37%) at 44403.01, S&P E-Minid up 28 points (0.45%) at 6300, Nasdaq up 163.8 points (0.8%) at 20582.09.
- Communication Services and Information Technology sectors continued to lead gainers in late trade, interactive media and entertainment shares buoyed the former with Meta Platforms +2.08, Alphabet +1.39%, Match Group +1.11% and Warner Bros Discovery +0.92%.
- Tech sector shares were supported by Enphase +4.37%, Arista Networks +3.55%, Broadcom +2.04%, Palantir Technologies +1.80% and NVIDIA +1.74% (fist company to reach $4T market cap).
- On the flipside, Consumer Staples and Energy sectors underperformed in late trade, The Hershey Co -4.30%, Altria Group -3.65%, Monster Beverage -3.58% and Mondelez Int -1.92% weighed on the Consumer Staples sector while Targa Resources -1.61%, EOG Resources -1.56%, Devon Energy -1.42% and Kinder Morgan -1.33% kept pressure on the Energy sector.
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US-CHINA: Talks Done For The Day, To Resume Tuesday
Jun-09 19:12
Bloomberg reports: "US-China trade talks in London will continue tomorrow, according to a person familiar with the talks. Talks to resume at 10a in London" [0500ET].
- Today's meeting began just after 1pm local time (0800ET), though there were basically no headlines emerging from the talks themselves.
- Little market reaction to the news that talks would continue - an extension into Tuesday was seen as a distinct possibility.
US STOCKS: Late Equities Roundup: Extending Modest Gains
Jun-09 19:11
- Stocks are holding modest gains late Monday, near session highs with the Dow joining S&Ps and Nasdaq on a relatively quiet start to the week as investors set their sites on this Wednesday's CPI inflation data for direction.
- Currently, the Dow trades up 99.15 points (0.23%) at 42862.01, S&P E-Minis up 18.25 points (0.3%) at 6025, Nasdaq up 92.8 points (0.5%) at 19622.68.
- Materials, energy and tech-related stocks continued to lead gainers in late trade: Enphase Energy +7.48%, Albemarle +4.93%, ON Semiconductor +4.86%, QUALCOMM +4.53%, Microchip Technology +4.52%, Advanced Micro Devices +4.49% and Evergy +4.12%.
- Meanwhile, health care and insurers continued to underperform after Goldman Sachs healthcare conference where industry leaders reported average hospital stays remain longer than pre-Covid levels.
- Laggers included Universal Health Services -6.10%, Intuitive Surgical -5.43%, Aon -4.06%, Allstate -3.79%, HCA Healthcare -3.21%, Arthur J Gallagher -3.19% and Progressive Corp-3.19%.
SOFR OPTIONS: BLOCK: More Oct'25 Midcurve Put Trees
Jun-09 19:06
- +6,250 0QV5 95.87/96.12/96.37 put trees, 4.5 ref 96.625 at 1453:16ET - adds to +10,000 in pit at 4.0 earlier
