[BRIEFING.COM] The S&P 500 (-0.9%), Nasdaq Composite (-0.6%), and DJIA (-1.8%) are charting session lows shortly after midday.
The financials sector (-0.9%) sits near the middle of the pack today, with considerable pressure across banking names such as Goldman Sachs (GS 835.97, -31.28, -3.61%) and Wells Fargo (WFC 81.46, -2.46, -2.94%) weighing on the sector.
However, the sector's largest component, Berkshire Hathaway Inc. (BRK-B 496.96, +9.48, +1.94%), holds a nice gain after the company announced it has commenced the repurchasing of its common stock.