[BRIEFING.COM] The S&P 500 dropped to a fresh session low in recent trading, down 15 points at its worst level.
The move coincided with some mega caps extending losses and with selling picking up in the Treasury market. The 10-yr yield, which was at 4.51% earlier, sits at 4.54% now. The 2-yr yield moved to 4.29%.
Still, many stocks trade higher as evidenced by the 0.5% gain in the Invesco S&P 500 Equal Weight ETF (RSP).