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S&P 500 Futures E-Minis Move Closer To Initial Technical Support As 4,500 Gives Way

EQUITIES

Weakness in equities accelerates with the e-mini S&P 500 contract breaking below 4,500 (followed by 4,490 in quick order).

  • Initial technical support in the contract lies at 4,482.00, yesterday’s low.
  • The NASDAQ leads losses amongst the major indices.
  • Within the S&P 500, the IT, communication services and consumer discretionary sectors shed more than 1% apiece.
  • ’23 market darling Nvidia provides the most pronounced lost in the tech sector.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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