If you enjoy the content at iBankCoin, please follow us on TwitterA flurry of selling pressure has undercut the major equity averages. The action has taken the Dow down to a new session low. Still, its loss remains only modest in size.
Financials and Energy stocks are leading the downside action. Both sectors are grappling with losses of 0.8%, which makes them today’s poorest performing groups. Energy stocks, in particular, have been hurt by players in the oil and gas drilling industry, whereas Financials have been hampered by losses among the likes of Bank of America (BAC 9.56, -0.12), JPMorgan Chase (JPM 45.38, -0.44), Morgan Stanley (MS 19.52, -0.29), and Goldman Sachs (GS 123.15, -1.75). DJ30 -38.15 NASDAQ +1.41 SP500 -3.76 NASDAQ Adv/Vol/Dec 930/515 mln/1400 NYSE Adv/Vol/Dec 1235/190 mln/1600
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