Financials weak while tech stocks gain
The S&P 500 (-0.3%) and Dow Jones Industrial Average (-0.7%) trade lower to start the day while the Nasdaq Composite (+0.1%) trades slightly higher.  Looking at the S&P 500 sectors shows the financials sector (-1.9%) underperforming amid disappointing earnings reactions, except for Wells Fargo (WFC 57.29, +1.31, +2.4%). The energy (+0.9%) and information technology (+0.3%) sectors trade higher.In the Treasury market, the 10-yr yield is up three basis points to 1.74% while the 2-yr yield is up three basis points to 0.92%. The U.S. Dollar Index is up 0.1% to 94.91. WTI crude is up 0.8% to $82.80/bbl.