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Morning Call Market Summary

A key analyst downgrade of Goldman Sachs (NYSE:GS) and disappointment over Johnson & Johnson's (NYSE:JNJ) top-line quarterly results lowered indices from one-year highs as traders grew cautious in front of an uncertain earnings season. The DJIA dropped 14 points, or 0.2%, to 9871, its first decline in four sessions. The S&P500, at a new 2009 high on Monday, eased 0.3%. NASDAQ shares, however, finished the day virtually unchanged. Trading on the NYSE held to a modest 1.14 billion shares with decliners ahead of advancing shares by a three-to-two margin. However, the one-two-punch from JP Morgan (NYSE:JPM) and Intel (NASDAQ:INTC) have sent futures sharply higher this morning, with sentiment also boosted by strong China trade figures released today....

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