The Dow and S&P 500 were at record highs nearly one year ago.
Respectively, they are currently down 34% and 36% from those highs.
Year-to-date, the Dow is down around 29% and the S&P 500 is down
32%. Today, both indices were up more than 1% in the early going.
Financials have seen the worst losses of any economic sector. It is
more than 55% off its high and down more than 45% this year.
Participants will be keeping a close eye on the sector this session now
that the ban on short-selling has been lifted. The sector had been a
primary focus of short sellers as traders bet on falling stock prices
of banks and other financial companies experiencing mounting losses.
Financials are currently up 2.1%.