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Selling has intensified in recent trade. That pressure has taken the stock market down to a fresh session low. The Volatility Index is still down for the day. It was last quoted with a 1% loss.
Retailers have had a relatively rough session. The group is down 0.3%. Amazon.com (AMZN 172.35, -4.89) has been a heavy drag on the group, following news that its shares were downgraded by analysts at UBS. Shares of AMZN are at a three-week low.
Weakness in AMZN has also weighed on the Nasdaq, which recently slipped into the red to trade with a narrow loss. Semiconductor stocks, collectively down 1.4%, have also adversely affected the tech-rich Nasdaq.
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