FX & CFD trading involves significant risk
As of the first few minutes of trade, the Nasdaq is underperforming its counterparts for the second straight session. Its weakness stems largely from losses among large-cap tech issues as well as renewed selling interest against semiconductor stocks (-0.8%).
Energy stocks have been hit with some of the stiffest selling pressure, though. The sector is already down 1.1%. Pressure therein is largely the result of a recent downturn in oil prices, which are now at $104 per barrel with a 1.3% loss.
Financials are showing strength, however. The sector is up to an enviable 0.6% gain as bank stocks and diversified financial services plays attract bidders.
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