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Stocks on Solid Footing for Year-End

EQUITIES
  • While cash equity markets were mixed at the close, global stocks remain solid into year-end, with the e-mini S&P holding just below the all-time highs posted Tuesday as well as psychological resistance at the 4,800 mark. The Dow Jones Industrial Average outperformed slightly, while the NASDAQ was the laggard.
  • Across the S&P 500, the strength in consumer staples, health care and real estate was countered by weaker energy, communication services and tech stocks to put the index broadly flat on the day.
  • Sentiment across Europe was slightly more fragile, with continental markets in the red - although the UK's FTSE-100 outperformed to finish with gains of just shy of 0.7%. Strength across the likes of Diageo, Glencore and Experian boosted the index.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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