Reply #104: 12:45 EST continuing the plummet thing

[UpInArms]

Dow 10,740.45 -140.26 (-1.29%)
Nasdaq 2,263.75 -38.06 (-1.65%)
S&P 500 1,269.07 -15.97 (-1.24%)
10-Yr Bond 4.381 +0.02 (+0.05%)

NYSE Volume 1,447,407,000
Nasdaq Volume 1,208,661,000

12:30 pm : The market remains near its worst levels of the session. Meanwhile, the Treasury market has moved back into negative territory. The yield curve between the two and 10-year notes has been inverted all day, and remains an extra drag on equities. Presently, both notes yield 4.38%. Action within that market is light today, and bond traders' focus rests upon the end-of-the-month FOMC meeting. Its status today adds to the Citigroup (46.29 -1.65) effect upon the Financial sector, and the curve's inversion directs further attention toward the net interest margin compression many banks are experiencing. DJ30 -131.35 NASDAQ -34.34 SP500 -15.06 NASDAQ Dec/Adv/Vol 1992/899/1.14 bln NYSE Dec/Adv/Vol 2113/1029/1.02 bln