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Markets Mixed Amid Holiday-Thinned Trade

EQUITIES
  • Wall Street traded mixed amid light newsflow and volumes as liquidity was thinned by the Veteran's Day holidays. The S&P 500 inched higher thanks to a solid showing from materials and energy names. Utilities and healthcare were the laggards, but losses were muted.
  • Gold miners led the way higher thanks to post-inflation strength in the yellow metal. The moves put Freeport-McMoRan higher by as much as 10%, while Disney countered at the other end of the table as Disney+ subscriber numbers missed forecast. The 6% drop in Disney shares provided a solid headwind for the Dow Jones, which slipped 100 points or so.

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