Stocks continue to trade with losses. The Nasdaq is the worst performer, down 1.5%. Losses are generally broad based. Yet, energy and utilities
are moving higher. They are up 1.9% and 2.0%, respectively.Both
sectors encountered selling pressure in recent sessions. In past
sessions, oil's retreat from its highs pushed energy stocks out of
favor, while the defensive-oriented utilities sector was shunned as
investors sought bargains in more aggressive names.