Stock Market Update

[BRIEFING.COM] The buy-the-dip interest that has been a hallmark of this bull market has seemingly been put on hold for the time being. Granted the indices are off their worst levels of the day, but the eagerness to buy into weakness has not been prominent to this point.

The Philadelphia Semiconductor Index (-2.3%) has extended its losses while the equal-weighted S&P 500 (-0.7%) continues to trade close to its lows for the day.

22 of the Dow's 30 components are sporting red figures (the color of losses). The biggest point loser today is Travelers (TRV 205.44, -15.16, -6.9%) following its earnings report. American Express (AXP 239.93, -9.27, -3.7%), which also reported earnings, is the next biggest point loser in the price-weighted average. Travelers also holds the distinction of being the biggest percentage loser today in the Dow.