US STOCKS: Midday Equities Roundup: Mixed, Dow Off Record Highs, Oracle Lifts IT
Sep-10 15:56
- Stocks are trading mixed ahead midday Wednesday, the DJIA reversing Tuesday's rise to new record high (45,711.34) while S&P eminis and Nasdaq indexes trade off early session highs. Currently, the DJIA trades down 206.16 points (-0.45%) at 45506.82, S&P E-Minis up 31 points (0.48%) at 6552.75, Nasdaq up 95.6 points (0.4%) at 21976.39.
- Information Technology and Utility/Energy sector shares outperformed in the first half, the tech sector led by software maker Oracle - rallying a whopping 42% after announcing it had secured "several billion-dollar contracts in it's latest quarter" the WSJ reported.
- Chip makers further supported the tech sector: Broadcom +9.47%, Arista Networks +6.03%, Super Micro Computer +5.06%, NVIDIA +4.45% and Micron Technology +4.29%.
- Utility/Energy sector shares buoyed in the first half as oil prices rebound (WTI +1.07at 63.70): Vistra Corp +6.74%, Constellation Energy +6.20%, NRG Energy +5.08%, Kinder Morgan +2.21% and APA Corp +2.19%.
- Conversely, Consumer Staples and Discretionary sectors revered prior session gains, the former weighed by Bunge Global -5.00%, Kenvue Inc -3.15%, Lamb Weston Holdings -3.05% and Archer-Daniels-Midland -2.99%.
- Meanwhile, cruise-lines weighed on the discretionary sector: Royal Caribbean Cruises -3.11%, Norwegian Cruise Line -2.98% and Carnival -2.47%.
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US: Trump 'See What Happens' w/China Pause, Zelenskyy Not Included In Putin Meet
Aug-11 15:47
President Donald Trump has told reporters at the White House, "we'll see what happens" with the China tariff and export control pause that expires at midnight tonight. Trump adds: "We've been dealing very nicely with China. They have tremendous tariffs," but "we'll see what happens". LIVESTREAM The prevailing view is that Trump will endorse a 90-day extension to the pause.
- Trump says on Friday's Alaska meeting with Russian President Vladimir Putin, "This is really a feel out meeting". He says: "Putin invited me to get involved... I believe he wants to get it over with." Adds: "Now, I've said that a few times and been disappointed," cites previous meetings that have been followed by Russian airstrikes.
- Trump: "I'm going in to speak with Vladimir Putin and I'm going to be telling him 'you've got to end it' ... I think we'll have constructive conversations." Trump's tone suggests that he is managing expectations of a major breakthrough in Alaska.
- Trump says that "immediately" after the meeting, he will call European leaders. Trump notes that he "gets along" with Ukrainian President Volodymyr Zelenskyy but disagrees with 'a lot of what he's done'. He notes that the next meeting will be either a bilateral between Zelenskyy and Putin or a trilateral with Trump's involvement.
- Trump's comments comes amid an extended press conference after his Washington DC emergency declaration. Earlier Trump suggested that other Democrat-run cities, including Los Angeles, New York, Baltimore, Chicago, Portland, and Oakland, could be subject to similar federal law enforcement operations. He says, "Democrats are weak on crime".
FED: US TSY 26W BILL AUCTION: HIGH 3.970%(ALLOT 27.15%)
Aug-11 15:32
- US TSY 26W BILL AUCTION: HIGH 3.970%(ALLOT 27.15%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 19.63% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 8.49% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 71.88% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 3.21
FED: US TSY 13W BILL AUCTION: HIGH 4.150%(ALLOT 24.77%)
Aug-11 15:32
- US TSY 13W BILL AUCTION: HIGH 4.150%(ALLOT 24.77%)
- US TSY 13W BILL AUCTION: DEALERS TAKE 36.69% OF COMPETITIVES
- US TSY 13W BILL AUCTION: DIRECTS TAKE 5.58% OF COMPETITIVES
- US TSY 13W BILL AUCTION: INDIRECTS TAKE 57.73% OF COMPETITIVES
- US TSY 13W BILL AUCTION: BID/CVR 2.64
