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Stocks have been grinding lower amid a gradual selling effort. The major equity averages are now at session lows.
Energy stocks have made one of the most pronounced reversals. The sector had been up in excess of 2% this morning, but now it is only up 0.2% for the session. Telecom stocks are also up 0.2%, as a group. The two sectors are presently tied for the worst performers.
Industrial stocks are now this session's frontrunners. The sector's 1.0% gain comes amid leadership from 3M (MMM 95.90, +0.98) and United Technologies (UTX 89.45, +0.92).
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