The tone of trade ahead of the open had been mostly upbeat, but a sell-the-news type of response has followed news that Greece passed a five-year austerity plan. A vote on the implementation of the plan is expected tomorrow.
Financials are showing strength this morning, though. The sector had lagged last session, but it is already up 0.9% today. Diversified finanical services plays like JPMorgan Chase (JPM 40.11, +0.57) and Bank of America (BAC 11.08, +0.26) are early leaders in the space.
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