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The major equity averages continue to trade in the red with modest losses. There really hasn't been any real form of leadership for stocks to follow today; telecom's 0.9% gain is of little influence since the sector makes up only about 3% of the weight of the S&P 500. Meanwhile, technology, which carries more market weight than any other sector, is flat. Financials, second by weight, are down 0.8%. Treasuries continue to climb amid the market's weakness. The yield on the benchmark 10-year Note is now down to almost 3.30%. As for the dollar, it is now flat after it had oscillated for most of the morning.
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