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Stock Weakness Puts e-mini S&P Within Range of Last Week's Lows

EQUITIES
  • Equity weakness filtering further through headline prices as the e-mini S&P falls through the Tuesday low of 4335.00 to open next support at Sep 22's 4321.00 and Sep 20's 4293.75. Recent low comes minutes following a sizeable sell program via the TICK Index, with just over 1,400 names on the downtick at 1648BST/1148ET.
  • Leading the way lower, consumer staples and discretionary names are the weakest names, but all sectors are now in the red after tech and communication services faded earlier gains.
  • Retail names including Gap, Dollar Tree and Ralph Lauren are among the hardest hit (off 4% or more).

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