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Stocks Slip Further, E-mini S&P Narrows Gap with Key 50-dma Support

EQUITIES

US equity markets coming under further pressure here with the e-mini S&P hitting new session lows of 4078.50 and narrowing the gap with the 50-dma support of 4047.72. This level last crossed on March 25th, but hasn't closed below since the early March stock weakness.

  • Consumer discretionary and tech names leading the decline, while bank stocks are holding up well. The likes of Wells Fargo and Citi up over 1%, enjoying the steeper US curve post-CPI.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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