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After stabilizing for a few minutes, stocks have started to slide lower. The S&P500 sitting just above the psychologically significant 1300 line. The stock market hasn't been below that point in more than three weeks.
Treasuries have failed to attract much support, even though stocks have been shunned. The weakness surrounding Treasuries comes in the wake of news that analysts at S&P assigned a negative outlook to the AAA rating of the U.S.
Declining Sectors: Energy (-2.0%), Materials (-1.9%), Industrials (-1.9%), Tech (-1.8%), Financials (-1.5%), Telecom (-1.0%), Utilities (-0.7%)
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