"We've gotten to a point with the markets where there's a bit of resistance setting in"
- Mike Lenhoff, head of research at Brewin Dolphin Securities Ltd.
Swiss stocks fell on Tuesday after a report showed U.S. consumer confidence declined.
The Swiss blue-chip index SMI, a measure of the largest and most actively traded companies, fell 0.22%, or 13.88 points, to 6,269.38. The broader Swiss Performance Index erased 0.18%, or 10.56 points, to 5,749.48.
"We've gotten to a point with the markets where there's a bit of resistance setting in," said Mike Lenhoff, head of research at Brewin Dolphin Securities Ltd. in London. Investors "realize they've done very well on the back of positive news flow, but that can only take them so far."
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