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Stocks Cement Bounce into Friday Close

EQUITIES
  • Stocks continue to inch higher, with the e-mini S&P touching new session highs and showing above Wednesday's best levels of 4150.50. This extends the recovery above the 50-dma support at 4060.59, which remains a key level going forward.
  • Tech outperformed as the high beta sectors continued to bounce, prompting the NASDAQ to outperform core S&P and Dow Jones markets. Tech traded well alongside the energy sector, which benefited from a stabilisation in oil prices Friday.
  • European indices outperformed their US counterparts, with Spanish stocks rallying to close higher by 2%. The UK's FTSE-100 was a relative underperformer, closing higher by 1.2% as sluggish materials stocks dragged on the index.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeFixed Income BulletsEquitiesBulletMarketsEmerging Markets NewsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeFixed Income BulletsEquitiesBulletMarketsEmerging Markets NewsForeign Exchange Bullets

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