The Dow Jones Industrial Average briefly broke into positive
ground, but is now trading with a slight loss. The S&P 500 and the
Nasdaq Composite continue to trail, though each is well off session
lows.
At their worst levels, each of the major indices was down in excess of 2%.
Financial stocks provided the impetus behind the latest advance. The
sector was up 2.2%, but those gains have been pared. It is now up
1.7%, still more than any other sector.
Financials remain one of the worst performing sectors in the S&P
500, down 30% this year. It is one of the seven economic sectors down
at least 20% year-to-date.