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Equity Roundup: Unexpected Rebound, US$ Rout

US STOCKS

Stock indexes bounce off post-CPI lows has accelerated last few minutes, posting unexpected gains w/ Energy and Financial sector shares outperforming. Currently, SPX eminis trade +72 (2.01%) at 3663; DJIA +629.07 (2.15%) at 29856.56; Nasdaq +189.9 (1.8%) at 10613.62.

  • Rebound in stocks as well as Tsys kicked off after better than expected Linker take-up on this morning's first BoE buy-op (Gilt take-up underwhelming). US$ index meanwhile, has gapped lower: DXY -.725 at 112.595, 112.455 low.
  • SPX leading/lagging sectors: Energy (+3.37%) followed by Materials (*1.98%) and Financials (+1.94%). Laggers: Consumer Discretionary (-0.10%) with autos and retailing underperforming.
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) adds to yesterday's gains +8.64 at 303.95, Chevron (CVX) +7.44 at 165.18. Laggers: Home Depot (HD) -3.14 at 277.38, United Health (UNH) -2.29 at 497.67.

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