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Stocks Softer Off Opening Bell, Sales Program Adds Extra Weight

EQUITIES
  • Equities continue to weaken following the cash equity open, with the largest sell program of the day going through via the NYSE's TICK Index - 627 names sold at 0959ET/1459BST - with healthcare and utilities the laggards for the session so far. No headline triggers for the pullback in stocks, suggesting an order-driven decline here.
  • Move lower in equities coincides with continued strength for the greenback, tipped to the best levels of the session to mirror the creep higher in the US 10y yield.

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