US STOCKS: Late Equities Roundup: Paring Gains, DJIA Still Outperforming
Oct-30 18:51
- Stocks remain mixed late Thursday, the DJIA modestly higher vs. weaker SPX eminis and Nasdaq. Currently, the DJIA trades up 46.66 points (0.1%) at 47,676.8, S&P E-Minis down 40.75 points (-0.59%) at 6,881.5 vs. record high of 6,953.75 this morning, Nasdaq down 269.2 points (-1.1%) at 23,688.66.
- A mix of Health Care, Industrials and Communications sector shares led late session advances: CH Robinson Worldwide +19.11%, Moderna +16.96%, Cardinal Health +13.63%, Fox +9.70%, AMETEK +8.17%, Rollins +7.05% and Huntington Ingalls Industries +6.56%.
- Conversely, Consumer Discretionary and Information Technology sector shares underperformed, the former weighed by Chipotle Mexican Grill -17.13%, , eBay -14.42%, Tesla -4.08% and DoorDash -4.01%.
- Tech sector shares came under pressure after Microsoft disclosed its OpenAI investment reduced quarterly earnings by $3.1 billion: Oracle Corp -4.78%, Synopsys -3.59%, Microsoft -3.37%, KLA -2.69% and Broadcom -2.51%.
- Also of note, Nvidia trades -1.69% after announcing it became the first company in history to reach $5T market capitalization. Meta Platforms -11.28% in late trade after issuing $30B in corporate debt over 6 tranches - 5th largest on record (matching $30B AbbVie jumbo 10-part on 11/12/19, and $30B ATT/Discovery 11pt via Magallanes inc on 3/922).
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US STOCKS: Late Equities Roundup: Off Lows, Narrow Ranges Ahead Likely Shutdown
Sep-30 18:46
- Stocks continue to drift near steady (SPX eminis) to mildly negative late Tuesday, apprehension over a looming US government shutdown at midnight tonight keeping trading accounts at bay. Currently, the DJIA trades down 25.04 points (-0.05%) at 46284.74, S&P E-Minis up 6.5 points (0.1%) at 6719.5, Nasdaq down 0.8 points (0%) at 22588.13.
- Energy, Financial and Consumer Discretionary sector shares continued to lead decliners in the second half.
- Oil and gas stocks weaker as crude prices retreat even after OPEC issued a statement rejecting reports of production increases: Schlumberger -3.30%, Occidental Petroleum -2.91%, Halliburton -2.68%, Marathon Petroleum -2.53% and Phillips 66 -2.33%.
- A mix of financial services and travel related shares weighed on Financial and Consumer Discretionary sectors: Capital One Financial -5.83%, KKR & Co -5.57%, Apollo Global Management -5.53% and Blackstone -4.98%; MGM Resorts Int -6.21%, Expedia Group -3.40%, Las Vegas Sands -3.19% and Wynn Resorts -3.13%.
- On the positive side, Health Care and Information Technology sector shares led gainers. Pfizer climbed over 6% after headlines reported the pharmaceutical maker will get a three year grace period from Trump's drug tariffs. Merck & Co gained +4.85% and IQVIA Holdings +4.70%.
- Dell Technologies +3.71%, NVIDIA +2.51% and Super Micro Computer +2.91% supported the Tech sector.
US TSY OPTIONS: Nov'25 5Y Calls
Sep-30 18:31
- appr 12,000 FVX5 110 calls, 7.0-7.5 ref 109-07, total volume over 23,100
USDJPY TECHS: Trading Above Support
Sep-30 18:30
- RES 4: 151.62 61.8% retracement of the Jan 10 - Apr 22 bear leg
- RES 3: 151.21 High Mar 28
- RES 2: 150.92 High Aug 1 and a key resistance
- RES 1: 149.96 High Sep 26 and the bull trigger
- PRICE: 147.96 @ 16:33 BST Sep 30
- SUP 1: 147.59 50-day EMA
- SUP 2: 146.77 Low Sep 18
- SUP 3: 145.49 Low Sep 17 and a pivot support
- SUP 4: 144.23 Low Jul 7
USDJPY has pulled back from last week’s high print. The move down - for now - appears corrective. Moving average studies are in a bull-mode position, highlighting a dominant uptrend. Support to watch lies at 147.59, the 50-day EMA. Pivot support has been defined at 145.49, the Sep 17 low. A resumption of gains would signal scope for a climb towards key resistance at 150.92, the Aug 1 high.
