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Although the major equity averages are still down markedly for the day, stocks have spent the past few hours gradually paring their losses. The effort has stocks sitting at afternoon highs.
Financials have extended their rally into higher ground. The sector now sports a 0.2% gain.
Still, consumer staples stocks represent this session's top performing sector as they sport a 0.4% gain. This is the second straight session that consumer staples have outperformed. Colgate-Palmolive (CL 83.00, +1.39) and Procter & Gamble (PG 62.89, +0.70) are leaders in their space.
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