US STOCKS: Reversing Gains
May-09 14:45
- Stocks reverse course, trading weaker - adding some additional support to Tsys as markets in the middle of unwinding yesterday's post US/UK trade "breakthrough" and "buy stocks" endorsement from Trump.
- DJIA down 134.39 points (-0.32%) at 41235.49
- S&P E-Mini Future down 19 points (-0.33%) at 5666.5
- Nasdaq down 57.5 points (-0.3%) at 17870.65
- Communication Services & IT sectors leading the selloff at the moment. Trading desks note some large call selling in Nvidia options, while larger mkt cap stocks leading sell-off: Crowdstrike -4.05%, IBM -2.25%, Palantir -2.06%.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MACRO ANALYSIS: MNI US CPI Preview: Watching Initial Tariff Passthrough
Apr-09 14:41
We have published and e-mailed to subscribers the MNI US CPI Preview for tomorrow's release.
Please find the full report including MNI analysis and a wide range of analyst expectations here: https://media.marketnews.com/USCPI_Prev_Apr2025_de0699a656.pdf
STIR: BLOCK: Jun'25 SOFR Call Spread
Apr-09 14:33
- 12,000 SFRM5 96.25/96.87 call spds 9.0 ref 96.10 at 1022:25-:55ET
EURIBOR OPTIONS: Notable outright call buyer
Apr-09 14:30
ERM5 98.125c, bought for 4.5 in 17k.
