Reply #33: Who dropped the chocolate bar in the pool?

[ozymandius]

3:19
Dow 13,331.64 Down 26.67 (0.20%)
Nasdaq 2,569.18 Down 14.10 (0.55%)
S&P 500 1,468.71 Down 5.20 (0.35%)
10-Yr Bond 4.775% Down 0.029
NYSE Volume 3,317,452,000
Nasdaq Volume 2,163,379,000

3:00 pm : The indices are extending their reach to the downside as sellers continue to gain the upper hand. Market breadth is now mixed as decliners on the Nasdaq enjoy the same 16-to-13 margin advancers did just 30 minutes ago. As evidenced by the floor recently falling out of the Financial sector (-0.8%), which was now down more than 1.0% and 2.5% off its best levels of the day, it's again becoming apparent just how disconcerting the underlying concerns about mortgage lending and corporate borrowing have become.

Technology (-1.0%), though, is now the day's worst performing sector and, not surprising, the tech-heavy Nasdaq is sharply lower in sympathy. Not even the Energy sector (-0.1%), despite crude futures surging 1.8% to a new record close above $78/bbl, has been able to maintain its upward momentum. DJ30 -30.36 NASDAQ -17.47 SP500 -5.06 NASDAQ Dec/Adv/Vol 1663/1325/1.98 bln NYSE Dec/Adv/Vol 1458/1804/1.42 bln