The major indices take a sudden retreat. Tech stocks (-0.5%) are
seeing a notable amount of selling pressure, sending the Nasdaq into
negative territory for the first time since the early-going. The
S&P 500 and Dow are holding onto modest gains, but are well off
their best levels.
There is not a specific catalyst for the recent weakness, other than
traders looking to lock in some profit after the stock market's strong
2.7% gain last week. Four of the ten economic sectors are now in
negative territory.