FX & CFD trading involves significant risk
The major equity averages have slipped after hugging the neutral line for the first few minutes of trade. The action comes as the S&P 500 continues to contend with resistance in the 1300 zone.
Retailers are showing relative strength, though. As a group, retailers are up 0.4%, according to the SPDR S&P Retail ETF (XRT 48.90, +0.10). A strong quarterly report from apparel and accessories retailer Express (EXPR 18.25, +0.85) has helped support positive sentiment in that space.
In-line earnings from Walgreen (WAG 38.60, -3.37) have made the stock one of this morning's worst performers. Its weakness has imbued shares of CVS (CVS 33.28, -0.45) and Rite Aid (RAD 1.06, -0.01).
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