[BRIEFING.COM] The major indices continue to drift lower after reaching session highs around mid-day.
Some mega cap names have maintained a positive posture while many other stocks declined. The market-cap weighted S&P 500 trades 0.5% lower and the Invesco S&P 500 Equal Weight ETF (RSP) trades 0.7% lower.
The CBOE Volatility Index (VIX) increased as stocks declined, indicating hedging against further volatility. The VIX sits at 22.60.