The S&P 500 encountered resistence at the unchanged line yet
again. The Dow has slipped into the red, but the Nasdaq continues to
trade with a healthy gain.
The materials sector is outperforming the other sectors, though it is
off its best level of the session. It is currently up 1.2% after being
up as much as 2.2% earlier.
The sector is posting an advance even though more sector members are
trading with losses than gains. Considerable influence is coming from
heavyweight Freeport McMoRan (FCX 86.76, +7.76). Shares of FCX are
jumping following the stock's steady descent since July's end.