Stocks are making a gradual climb off their session low. Still, the S&P 500 continues to trade with a noticeable loss.
Though opening in modest fashion, the utilities sector (+0.6%) is
sporting a decent gain. The Dow Jones Utility Average (+0.5%) is
leading the other Dow Indices.
In an earlier statement, Treasury Secretary Paulson stated that the
housing correction won't be resolved quickly, but the economy's pace
should pick up by year's end. Paulson also said the markets are
considerably calmer now than in March.