Reply #58: someone just flushed another 10 down the DOW

[ozymandius]

11:11
Dow 12,698.89 Down 154.20 (1.20%)
Nasdaq 2,459.04 Down 29.48 (1.18%)
S&P 500 1,410.15 Down 10.18 (0.72%)
10-Yr Bond 3.846% Down 0.041
NYSE Volume 1,394,442,625
Nasdaq Volume 690,309,250

11:00 am : Stocks are on the rise with relative strength seen in the financial sector (+0.2%). The major indices continue to trade with decent sized losses, but are well off their worst levels of the session.

17 of the 19 industry groups within the financial sector are now posting a gain, led by thrifts & mortgages (+2.8%). Citigroup (C 28.68, +0.57) has staged a striking turnaround as traders speculate that the company may receive a cash infusion. The consumer finance group (-6.6%) is off its lows, but continues to be under selling pressure after the American Express (AXP 44.18, -4.74) warning.DJ30 -137.62 NASDAQ -25.81 SP500 -8.51 NASDAQ Dec/Adv/Vol 1910/825/548 mln NYSE Dec/Adv/Vol 2061/865/359 mln