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Equities Trim Gains to Erase Post-Open Rally

EQUITIES
  • US equity futures give back their post-opening bell rally in its entirety - tilting the e-mini S&P back to only minor positive territory.
  • The pullback in the headline index followed evidence of some of the more sizeable sell programs going through the NYSE TICK index - with a net 1106 names sold at 1125ET/1625BST. That's the largest single sell program since Monday's 1295.
  • Despite the slightly positive S&P500 index, stocks in negative territory outnumber those trading higher by 3:2. Materials and industrials names are leading losses, however consumer discretionary and technology names are limiting declines.

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