| 10:30 ET Dow -113, Nasdaq -55, S&P -19.27: [BRIEFING.COM] Major indices ratcheted lower in the wake of additional economic releases that led to concerns about the resilience of the U.S. consumer... Challenger reported layoff announcements of 165.6K in April, a pace that continues to strengthen and which provides an ominous set-up for tomorrow's employment report... Separately, the non-manufacturing NAPM Index fell to 47.1% in April from 50.3% in March... The fall below the 50% neutral mark was below expectations for 50.2%, and suggests a broadening of scope in terms of the economic downturn... The worst levels for the Dow, Nasdaq, and S&P were -149, -61, and -22 respectively... Rebound effort currently underway, but ultimate success of that effort will be closely linked to the conviction of buying interest in the technology and financial groups... NYSE Adv/Dec 739/1819... Nasdaq Adv/Dec 901/2129. |
