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June 8, 2012  Fri 12:14 AM CT

SPX: SEE CHART GET CHAIN
Equity indexes traded sideways through most of yesterday's session but plunged in the final hour, breaking the three-day winning streak for the S&P 500 and the Nasdaq 100.

A surprise rate cut by China had earlier sent SPX futures to 1329.50, its high for the week. But the index ended up down 0.14 points, or 0.01 percent, to 1314.99.

The Nasdaq 100 declined by 10.91 points, or 0.43 percent, to close at 2535.41. Shares of market leader Apple gave up gains in the last hour and finished just barely positive on the day.

The Russell 2000 lost the most ground yesterday on a percentage basis. The small-cap index fell 4.83 points, or 0.63 percent, to close at 760.34.

S&P 500
Resistance is now 1315.50, followed by 1317.09, 1319.71, 1322.50, and 1325.10-1330.
Support is now 1312.68 (yesterday's low), followed by 1311.17, 1305.05, and 1300-1298.
Nasdaq 100
Resistance is now 2541.97, followed by 2552.75, 2563.51, and 2570.48 (yesterday's high).
Support is now 2531.95 (yesterday's low), followed by 2527.50, 2520.10, and 2509.21.
Russell 2000
Resistance is now 763.10, followed 767.37, 768.88, and 770.
Support is now 759.10, followed by 757.21, 755, and 750.


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