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Equities Roundup: Off Early Lows

US STOCKS
  • US stocks trading mildly mixed after midday, S&P Eminis off early session lows to near mid-range for the day at 3980.0 (+2.0), well within initial technical support (3897.25 Low Mar 20) and resistance (4021.50/4073.75 50-day EMA / High Mar 22).
  • Weakness in European banks overnight (Deutsche Bank -12%, Commerzbank -9%) carried over to the NY session as Eminis futures revisited early Monday levels, ESM3 trading 3939.0 low.
  • Helping buoy SPX Eminis, leading gainers are Utilities (+2.11%), Consumer Staples (+1.40%) and Real Estate (+1.30%) sectors. Consumer Discretionary (-0.79%) and Financials (-0.57%) underperforming, Wells Fargo (WFC), USB and JP Morgan trading 2.102.5% weaker at the moment.

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