US STOCKS: Stocks Tracking Lower, Still Off April Lows
Apr-21 15:24
Stocks are back to trading weaker Monday, unwinding last Thursday's modest bounce, current SPX eminis levels putting the index back to April 10 lows, still off April 7 low of 4832.00. Risk sentiment hampered after Pres Trump berates Fed Chair Powell for not preemptively cutting rates.
Currently, the DJIA trades down 942.51 points (-2.41%) at 38191.13, S&P E-Minis down 131.25 points (-2.47%) at 5181, Nasdaq down 456 points (-2.8%) at 15828.34.
Consumer Discretionary and Information Technology sectors underperformed in the first half, Tesla -6.48%, Chipotle Mexican Grill -4.86%, Deckers Outdoor -4.06%, Carnival -3.59% and Starbucks -3.42%, led laggers in the Consumer Discretionary sector.
Chip makers primarily weighed on the IT sector: Super Micro Computer -5.90%, NVIDIA -5.06%, Arista Networks -5.04%, Palo Alto Networks -4.39% and Oracle -4.33%
On the positive side, Consumer Staples and Materials sectors outperformed: Dollar General +1.99%, Kroger +0.80%, Kraft Heinz +0.75%, Mondelez International +0.27% and Coca-Cola Co +0.10%.
Aside from IFF, miners buoyed the Materials sector as gold climbed to a new intraday all-time high of 3429.50: Newmont Corp +0.53%, International Flavors & Fragrances +0.29%, The Mosaic Co +0.26%.
Equity earnings resume after the close: Hexcel Corp, Medpace Holdings Inc, W R Berkley Corp, AGNC Investment Corp and Western Alliance Bancorp reporting.
FED: US TSY 13W AUCTION: NON-COMP BIDS $2.279 BLN FROM $76.000 BLN TOTAL
Apr-21 15:15
US TSY 13W AUCTION: NON-COMP BIDS $2.279 BLN FROM $76.000 BLN TOTAL
FED: US TSY 26W AUCTION: NON-COMP BIDS $1.461 BLN FROM $68.000 BLN TOTAL
Apr-21 15:15
US TSY 26W AUCTION: NON-COMP BIDS $1.461 BLN FROM $68.000 BLN TOTAL