FX & CFD trading involves significant risk
The S&P 500 has offered technical support at the 1315 line, which is where stocks continue to sit. Amid the increasingly widespread weakness, eight of the 10 major sectors are in the red -- five of them are down by more than 1%. Consumer staples (+0.2%) and health care (unch.) are the only two sectors not in the red.
Treasuries haven't made much of a move in response to the stock market's slip. Instead, the benchmark 10-year Note is still down with a slight loss.
However, precious metals have attracted safety seekers. In turn, gold prices are up 1.3% to $1428 per ounce while silver prices are up 2.0% to $34.48 per ounce.
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