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Stocks Come Off Overnight Highs in Pre-Xmas Profit-Taking

EQUITIES

After holding their ground in Asia-Pac trade and throughout the European morning, US equity futures gave up gains ahead of the close, prompting the S&P 500 cash to edge lower during the Tuesday session. Communication services and consumer discretionary firms made up the poorest performers on Wall Street, while tech and real estate names traded better.

Support still holds for the e-mini S&P at the 50-dma of 3551.06, but the Monday low should provide some initial support at 3596.00.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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