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Stocks Give Up Early Gains

EQUITIES

Equities started the Tuesday session well, with most indices (particularly in Europe) notching up sizeable early gains. These were given up ahead of the close, however, with indices returning to only minor positive or, in the case of Spanish & Italian markets, minor negative territory.

  • In the US, performance was mixed. The S&P 500 cash traded slightly lower while the bluechip Dow Jones held small gains. A similar picture for futures, with the e-mini S&P maintaining a sizeable gap with near-term resistance.
  • In the US, tech names suffered alongside real estate, while materials firms were the best performers.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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