EM LATAM CREDIT: Trump: Cook Shifting Apple Manufacturing From Mexico to US
Feb-21 17:26
"Trump Says Cook Shifting Apple Manufacturing From Mexico to US" - BBG...
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LOOK AHEAD: Thursday Data Calendar: Weekly Claims, 10Y TIPS Sale
Jan-22 17:25
- US Data/Speaker Calendar (prior, estimate)
- 23-Jan 0830 Initial Jobless Claims (217k, 220k)
- 23-Jan 0830 Continuing Claims (1.859M, 1.866M)
- 23-Jan 1100 Kansas City Fed Manf. Activity (-4,0)
- 23-Jan 1130 US Tsy $95B 4W, $90B 8W bill auctions
- 23-Jan 1300 US Tsy $20B 10Y TIPS auction (91282CML2)
STIR: BLOCK: Red March'26 SOFR Sale
Jan-22 17:18
- -11,000 SFRH6 96.005 (-0.005) at 1212:35ET, the Red Mar'25 contract trades down to 96.00 last.
US STOCKS: Chip Stocks, Media & Entertainment Buoy Eminis Near New Highs
Jan-22 17:09
- Stocks are gaining early Wednesday, support for semiconductor stocks helping SPX Eminis climb back near early December all-time highs (6178.75).
- Currently, the DJIA trades up 115.25 points (0.26%) at 44143.15, S&P E-Minis up 50.25 points (0.83%) at 6134.5, Nasdaq up 303.7 points (1.5%) at 20060.89.
- Information Technology and Communication Services sectors outperformed in early trade, chip stocks supporting the former as noted: Monolithic Power +8.48%, Lam Research +4.07%, Applied Materials +3.62% while Nvidia gained 3.55%.
- Interactive media and entertainment stocks led gainers in the Communication Services sector: Netflix rallying over 11% in the first half as subscriptions soar, Meta +2.57%, Warner Bros +1.54%.
- On the flipside, Utilities and Real Estate sectors underperformed in the first half, gas and multi-energy providers weighing on the former: Edison International -3.63%, Dominion Energy -3.45%, Ameren -3.03% while PG&E declined 3.01%.
- Investment trusts, particularly health care and residential REITs weighed on the Real Estate sector: Ventas -2.59%, Healthpeak Properties -2.27%, and Equity Residential -2.05%.
