US STOCKS: Midday Equities Roundup: Boxing Day For Stocks
Dec-26 16:19
- Stocks resume trade following the Christmas holiday, late morning levels mildly weaker on narrow ranges and light volumes with Europe still out for follow-up Boxing Day holiday.
- Currently, the DJIA trades down 81.56 points (-0.17%) at 48649.27, S&P E-Mini Futures down 6.5 points (-0.09%) at 6975.75, Nasdaq down 9.6 points (0%) at 23604.02.
- A mix of Materials, Information Technology and Consumer Staples/retailer sector shares led advances in the first half. Miners buoyed the Materials sector with Gold climbing to new record highs early Friday (6,549.92), trading desks citing uptick in geopolitical tensions after Pres Trump launched attacks on Isis elements in Nigeria.
- Freeport-McMoRan +3.30%, NVIDIA +1.73%, Target +1.49%, LyondellBasell Industries +1.10%, Lam Research +1.08% and Newmont Corp +1.01%.
- Conversely, Consumer Discretionary and Energy sector shares led declines in the first half:
- Royal Caribbean Cruises -2.61%, Norwegian Cruise Line -2.35%, Carnival -1.54%, Tesla -1.45% and Ralph Lauren -1.16%.
- Texas Pacific Land -3.86%, Devon Energy -1.38%, Diamondback Energy -0.99%, APA Corp -0.90% and Marathon Petroleum -0.68%.
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FED: US TSY 7Y AUCTION: NON-COMP BIDS $60 MLN FROM $44.000 BLN TOTAL
Nov-26 16:15
- US TSY 7Y AUCTION: NON-COMP BIDS $60 MLN FROM $44.000 BLN TOTAL
FED: US TSY 17W AUCTION: NON-COMP BIDS $452 MLN FROM $69.000 BLN TOTAL
Nov-26 16:15
- US TSY 17W AUCTION: NON-COMP BIDS $452 MLN FROM $69.000 BLN TOTAL
US TSYS/SUPPLY: Preview 7Y Note Auction
Nov-26 16:13
Tsy $44B 7Y-Note auction (91282CPM7) coming up at 1130ET, WI currently running around 3.777%, 1.3bp rich vs. last month's tail. Currently, Mar'26 10Y futures trade -5 at 113-14 vs. 113-08.5 low.
- October auction recap: Despite being the widest tail for this tenor since August 2024 - limited market reaction after the $44B 7Y note auction (91282CPF2) tailed (: 3.790% high yield vs. WI of 3.782%; bid-to-cover 2.46x from 2.40x prior.
- Peripheral stats: Indirect take-up rose to 59.0% vs. 56.42% prior; Direct take-up to 27.9% vs. 31.58% prior; Dealers took 13.1% vs. 12.0% prior.
