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Mixed Day for Stocks, US Markets Play Catch-Up

EQUITIES

Having missed out on a positive session for global equities on Monday, US markets looked to close higher Tuesday as earnings season resumed. The S&P500 narrowed in on 3,800, which would mark the best level for the index since late last week, and narrow the gap with alltime highs at 3,826.69.

In the US, energy and communication services names were the best performers, while real estate, consumer staples and utilities lagged.

General Motors traded particularly well on a vehicle tie-up with Microsoft, while banks lagged slightly as markets pondered a mixed set of earnings releases from the likes of Bank of America, Goldman Sachs and State Street.

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