US STOCKS: First Half Equities Update: Holding Modest Gains, Earnings going
Apr-29 16:19
Stocks are holding firmer, top end of mostly narrow ranges ahead midday, DJIA outperforming SPX eminis and Nasdaq indexes. Currently, the DJIA trades up 294.25 points (0.73%) at 40522.85, S&P E-Minis up 21.5 points (0.39%) at 5574.25, Nasdaq up 43.1 points (0.2%) at 17409.22.
Materials and Health Care sectors outperformed in the first half, chemical makers buoyed the former with Sherwin-Williams +5.04%, Ecolab +2.01%, Mosaic +1.83%, Albemarle +1.69% and International Flavors & Fragrances +1.07%.
Pharmaceutical makers buoyed the Health Care sectors: Pfizer +3.51% after announcing cost cutting measures as quarterly revenues decline, Merck & Co +2.19%, Amgen +1.45%, Danaher +1.30% and Viatris +1.27%.
Conversely, Energy and Consumer Discretionary sectors underperformed in the first half, oil & gas stocks weaker with crude lower (WTI -1.37 at 60.68): APA -1.87%, Texas Pacific Land -1.14%, Targa Resources -1.07%, ConocoPhillips -0.97% and Devon -0.82%
Meanwhile, travel & resort related stocks retreated: Caesars Entertainment -3.24%, MGM Resorts Int -2.20% and Carnival -1.94%.
Latest earnings expected after the close: Booking Holdings, Mondelez International, Caesars Entertainment, Seagate, Starbucks, Frontier Communications, Expand Energy, Fair Isaac, Visa, BXP, PPG, Edison Int, ONEOK, First Solar, CoStar Group and Snap Inc.
FED: US TSY TO SELL $85.000 BLN 4W BILL MAY 01, SETTLE MAY 06
Apr-29 16:05
US TSY TO SELL $85.000 BLN 4W BILL MAY 01, SETTLE MAY 06
FED: US TSY TO SELL $75.000 BLN 8W BILL MAY 01, SETTLE MAY 06
Apr-29 16:05
US TSY TO SELL $75.000 BLN 8W BILL MAY 01, SETTLE MAY 06