Global equities are stabilizing today after the recent downside pressure. The MSCI Asia Pacific Index snapped an eight-day slump with a 0.4% gain, led by a rebound in Tokyo and India. European markets are firm, with the Dow Jones Stoxx 600 up around 0.25% near midday in London. All sectors are higher but telecom and real estate are performing best, while energy and health care are laggards. The S&P 500 will likely trade higher, at least in early turnover. There was intraday penetration of the 2628 support area we noted, but the index closed back above it. If the recent swoon was spurred by concern that the ... (full story)