Energy (-2.%) and financials (-1.2%) are currently the two biggest
losers. The two sectors combine for 26% of the S&P 500's total
weighting.
Tech, which is the largest economic sector with more than a 15%
weighting in the S&P 500, is up 2.1%. It continues to benefit from
large-cap tech names, which have the Nasdaq 100 trading 1.4%.
Industrials are struggling to stay in the green (+0.1%), making up just
11% of the S&P 500. Earlier reports indicated General Electric (GE
14.33, -0.12) was in talks with several Asian sovereign wealth funds,
but Dow Jones has reported the conglomerate is not seeking equity
investments from sovereign wealth funds.