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Stocks Cut Gap With All Time Highs, Tech Leads

EQUITIES
  • Stocks traded solidly into the Thursday close, with the e-mini S&P trimming the gap with alltime highs to just 10 points after the London close. The underlying bullish theme was reinforced by consumer discretionary, tech and cyclical stocks outperforming relative to defensive utilities and consumer staples.
  • The tech-led NASDAQ outperformed smartly, with futures extending the recovery from the March lows printed mid-last week to over 7%.
  • Across Europe, indices traded in minor positive territory across the board, with core French and peripheral Spanish, Italian indices outperforming. UK's FTSE-100 was again the laggard, closing higher by just 0.2%.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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