EmailStock Market Update
Market Snapshot
| Dow | 13955.61 | -63.09 | (-0.45%) |
| Nasdaq | 3189.18 | +2.69 | (0.08%) |
| SP 500 | 1517.15 | -2.28 | (-0.15%) |
| 10-yr Note | -15/32 | 2.033 | |
| NYSE | Adv 1502 | Dec 1491 | Vol 387.9 mln |
| Nasdaq | Adv 1133 | Dec 1303 | Vol 1.33 bln |
Industry Watch
| Strong: Consumer Staples, Energy |
| Weak: Telecoms, Materials, Utilities |
Moving the Market
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Eurozone economies report worse-than-expected GDP readings. France, Italy, Germany all fell short of expectations. Eurozone fourth quarter preliminary GDP: -0.6% actual, -0.4% expected Weekly initial claims: 341,000 actual, 365,000 Briefing.com consensus |
Key Indices Notch Fresh Session Lows
13-Feb-13 15:00 ET
Dow -63.09
at 13955.61,
Nasdaq +2.69
at 3189.18,
S&P -2.28
at 1517.15
[BRIEFING.COM] The major averages have slipped to fresh lows as the session enters the final hour. The S&P 500 began the day on a positive note, but its morning strength was short-lived. The benchmark index slipped into the red during late-morning trade as there was little follow-through to the opening strength.
Today's price action should not be too surprising as the major averages opened the New Year with a broad rally which caused the S&P 500 to gain 6.4% over the course of seven weeks. As sellers take control in afternoon trade, the financial sector has been the weakest performer. This comes after several majors notched fresh multi-year highs during yesterday's session. The SPDR Financial Select Sector ETF (XLF 17.74, -0.07) is off by 0.4%.
Today's price action should not be too surprising as the major averages opened the New Year with a broad rally which caused the S&P 500 to gain 6.4% over the course of seven weeks. As sellers take control in afternoon trade, the financial sector has been the weakest performer. This comes after several majors notched fresh multi-year highs during yesterday's session. The SPDR Financial Select Sector ETF (XLF 17.74, -0.07) is off by 0.4%.
