10-Dec-13 12:25 ET
[BRIEFING.COM] Not much has changed since our last update as the S&P 500 remains near its low. The materials sector(+0.4%) continues to stand out while health care (-0.6%) is a notable laggard. The third-largest sector hovers near its low as biotechnology weighs. The iShares Nasdaq Biotechnology ETF (IBB 219.44, -2.05) trades down 0.9%.
With stocks on their lows, the CBOE Volatility Index (VIX 14.19, +0.70) indicates some participants have turned towards a measure of downside protection. However, the VIX Index remains below 14.50%, a level which marks the top end of a range that has held for the better part of the past two months.