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Stocks Shrug Off Tumultuous Week, E-mini S&P Finds Support

EQUITIES
  • Stock markets headed into the Friday close higher, with the S&P 500 cash adding just shy of 1% and outperforming both the Dow Jones and NASDAQ indices. Materials and tech names were the leaders, while utilities and communication services were the sole sectors in the red.
  • In futures space, the e-mini S&P rose back above the 50-dma support (tested mid-week) at 3868.25, narrowing the gap with the alltime highs posted Mar 18 at 3988.75.
  • Across Europe, continental indices finished uniformly higher, with Spain's IBEX-35 outperforming and adding 1.1%. France's CAC-40 lagged, but still finished higher by 0.6% having outperformed earlier in the week.

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