
Stocks have pulled up from their session lows, when the S&P 500 was
down 4.6%. Losses remain deep, however, with all ten of the major
economic sectors trading with losses in excess of 1%.
Sporting the least significan decline is the consumer staples sector.
It is down 1.4% as companies like Archer Daniels (ADM 16.53, +0.44) and
Hershey (HSY 33.72, +0.75) provide leadership. Gains in HSY come
despite news the company fell short of the consensus earnings per share
estimate in the latest quarter.