Reply #83: 1:56 EST and the exits are crowded and floor is slippery

[UpInArms]

Dow 13,663.06 266.95 (1.92%)
Nasdaq 2,814.11 45.01 (1.57%)
S&P 500 1,520.03 29.35 (1.89%)
10-Yr Bond 4.352% 0.123

NYSE Volume 1,613,323,250
Nasdaq Volume 1,540,458,750

1:30 pm : Since the economic releases in the morning, there has not been much market moving news. That has kept the major indices heading mostly sideways relative to their large intraday ranges.

In currency trading, the dollar has strengthened as indicated by the DXY Index which is up 0.13%. Meanwhile the CRB Index, which tracks commodities, is down 0.27%.DJ30 -218.99 NASDAQ -94.36 SP500 -23.44 NASDAQ Dec/Adv/Vol 2293/637/1.40 bln NYSE Dec/Adv/Vol 2585/585/873 mln

12:55 pm : The major indices continue to trade in negative territory, with the Dow slightly trailing the broader market.

Only five of the 30 components in the Dow Jones Industrial Average are currently showing gains, with Microsoft (MSFT 37.29, +0.48) providing leadership. Financial stocks are the largest drags on the Dow. Citigroup (C 38.70, -2.66), AIG (AIG 60.39, -2.73) and JPMorgan (JPM 45.06, -1.94) are the main laggards.DJ30 -206.55 NASDAQ -35.50 SP500 -22.12 NASDAQ Dec/Adv/Vol 1.27 bln/2298/625 NYSE Dec/Adv/Vol 2596/547/786 mln

12:30 pm : Since the last update, the stock markets recovered some losses, but the gains are modest compared to this session's range. The energy sector (+0.02%) has had a notable turnaround as it follows crude oil's recovery.

Crude has pared a good portion of its intraday losses, and is now down 0.4% to $94.12. On Sept. 11th, OPEC decided to increase production by 500,000 barrels a day, which officially took effect today. DJ30 -183.39 NASDAQ -31.55 SP500 -19.66 NASDAQ Dec/Adv/Vol 2280/615/1.15 bln NYSE Dec/Adv/Vol 2619/498/703 mln