[BRIEFING.COM] The three major indices took a quick dip recently.
Market breadth reflects a strong negative bias under the index surface. Decliners lead advancers by a nearly 4-to-1 margin at the NYSE and by a 3-to-1 at the Nasdaq.
Nine of the 11 S&P 500 sectors are lower and 23 of the 30 Dow components are trading down. The equal-weighted S&P 500 is down 0.9% versus a 0.2% decline in the market-cap weighted S&P 500.