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S&P500 Resumes Grind Higher in Muted Session

EQUITIES

After muted trade across Asia-Pac and European sessions, US markets followed suit Wednesday, resuming their grind higher amid thin price action. This narrowed the gap with, but failed to break, the alltime highs printed on Jan 8 at 3,826.69.

Utilities and real estate outperformed in the US, with tech no far behind. Materials and industrials were the laggards.

Focus remains on the looming beginning of quarterly earnings season, with Wells Fargo, JPMorgan and Citigroup all reporting before the end of the week.

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