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Stocks Off to a Soft Start

EQUITIES

Equity markets in the US open uniformly lower, with the NASDAQ underperforming (off around 1.2%), while the Dow Jones and S&P500 post more limited losses.

The story's the same in futures space, with the e-mini S&P off 30 points or so, but trimming losses nicely since the cash open.

Markets are trading defensively, with the consumer discretionary, communication services and financials sectors leading the decline, while defensive healthcare stocks are shielded.

Largest gainers today include General Electric, Domino's Pizza and Constellation Brand, but gains are modest, while eBay, MGM resorts and Boeing are posting the sharpest losses.

The recovery in equity futures off the lows hasn't been headline driven, with the opening bell seeing the best volume of the week across the e-mini S&P.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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