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US Inches Higher While European Indices Dip Into Close

  • Wall Street followed futures into a higher open Tuesday, and managed to recover a mid-session dip lower to head into the close in the green. The US financials and communication services sectors were the outperformers as banks benefited from the re-steepening in the US curve, while healthcare and tech names were among the biggest losers of the day.
  • Stocks across Europe were less positive, with most indices slipping into the closing bell to finish with minor losses. underperformance was noted in the UK's FTSE-100, lower by 0.4%, while the EuroStoxx50 held most of its ground, just 2 points lower at the finish of trade.
  • The VIX touched a new multi-week low of 15.9 shortly after the opening bell, but pared losses to steer clear of a re-test of the August lows at 15.2 points.

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