S&P 500 gains ground, snapping losing streak to hang on near $4,245

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• S&P 500 index climbs back into the 200-day SMA after declining for four straight trading days.
• US equities broadly reversed recent declines following a data beat for US PMI figures.
• US Treasuries saw an uptick in volatility but settled lower, 10-year T-note settled at 4.819% after cracking 5%.

The Standard & Poor’s 500 major equity index gained ground on Tuesday, with equities bolstered by firm earnings reporting and a better-than-expected printing for US Purchasing Managers’ Index (PMI) figures, with the indicator firmly beating expectations and sending the S&P and other indexes into the green for the first time in over a week.