Financials (+1.7%) have built upon their advance and oil has retreated
to trade slightly above the unchanged mark. The combination of the two
events has helped lift the S&P 500 back into positive territory.
The Nasdaq continues to trade with a sizeable loss, however. Weighing
on its performance are the large-cap tech names of Microsoft (MSFT
25.50, -2.02) and Google (GOOG 486.53, -46.91). Google reported
earnings results for the most recent quarter that fell shy of the
consensus earnings per share estimate.
The impact of the industry heavyweights is being felt in the S&P
500 technology sector (-1.3%), which is the worst performing sector
this session.