The major indices continue to trade with modest losses. The tech sector
is under pressure, with heavy-weights Google (GOOG 469.83, -11.49),
Apple (AAPL 162.24, -2.91), and IBM (IBM 127.85, -2.04) acting as
drags. Last week, Google reported lower-than-expected earnings, while
IBM topped expectations. Apple is set to announce its earnings after
the close.
In commodity trading, grains (-2.2%) are down as corn falls 3.0% and
soybeans slip 2.2%. The CRB Index (-0.2%) is nearly flat, as the
losses are being offset by a 0.8% gain in crude and a 0.6% gain in gold.