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EQUITIES: High Beta, Tech Outperform Core Indices

EQUITIES
  • Stock futures lost some ground on the back of the poorer-than-expected ISM manufacturing release which, while detailing a slower-than-expected manufacturing sector, still highlighted stubborn issues with prices.
  • The e-mini S&P is off highs, but remains in minor positive territory on the session, whereas the DJIA-mini is lower by close to 0.2%. Outperformance persists in high beta names, tech and the NASDAQ-100 following the rally of as much as 85% in Gamestop shares - driven by a resumption of the meme-stock rally.
  • NYSE Equities are still investigating a technical issue having received reports - the exchange reports that additional information will follow "as soon as possible". 

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