U.S. equities opened to the upside only to be dragged down by poor Phily Fed data.
Equities managed to rebound after poor data and focus on earnings and some hot IPOs issued today.
Europe has pared some of their gains, but remains strong given no sell off in the U.S. and decent earnings reports.
For all intensive purposes today is shaping up to be a day of digesting recent gains.
Gold has rebounded nicely and oil is popping over 2%.
Markets are led by conglomerates and technology.
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