Energy, Financials Drag on Market
The S&P 500 trades with a loss of 0.4%. The energy (-1.0%) and financials (-0.7%) sectors continue to underperform the broader market.The oil-sensitive energy sector has fallen in tandem with oil prices ($52.03/bbl, -$-0.56, -0.9%), which were trading higher before the open. Also, most financial stocks are down with top-weighted JPMorgan Chase (JPM 99.23, -1.15, -1.0%) providing no support for the group.Conversely, Caesar Entertainment (CZR 8.38, +0.39) is up 4.9% after news that Carl Icahn is building a stake in Caesar. Mr. Icahn may be positioning to have some influence or say in a potential deal, according to CNBC.