Stocks Open Lower in Broad-Based Retreat
The S&P 500 opens lower with a current loss of 0.6%. The Dow Jones Industrial Average is down 0.6%, and the Nasdaq Composite is down 0.5%.Looking at the S&P 500 sectors shows all 11 sectors trading with losses with energy (-1.3%), industrials (-0.9%), and financials (-0.7%) leading the retreat. The consumer staples sector (-0.1%) shows relative strength.U.S. Treasuries are on the rise, pushing the 2-yr yield down four basis points to 2.53% and the 10-yr yield down three basis points to 2.70%. The U.S. Dollar Index is flat at 95.54, and WTI crude is down 1.2% to $51.88/bbl.