| 10:00 ET Dow -91, Nasdaq -50, S&P -16.02: [BRIEFING.COM] Tobacco is the standout as the lone S&P industry group that is gaining more than 1.0%; otherwise, it is a noticeably weak market this morning with selling activity taking place on most fronts... Technology, financial, and retail stocks are among the weakest links, and consequently, the broader market has struggled to recoup opening losses... Even the oil-related stocks, which tried to buck the broader trend, have turned around and are now contributing to the losses... Equity weakness, and the rising trend in initial claims for unemployment benefits, have been bullish developments for the Treasury market... 30-yr bond +21/32 at 5.65%... Nasdaq 100 -2.8%... S&P Midcap 400 -1.5%... Russell 2000 -1.2%... NYSE Adv/Dec 698/1622... Nasdaq Adv/Dec 833/1977. |
