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Sellers have redoubled their efforts. Their pressure has put the S&P 500 and Nasdaq Composite at fresh session lows. The Dow continues to trade near the neutral line, though.
It has been propped up by IBM (IBM 155.25, +4.60), which is at a record high following its latest quarterly report. The company's earnings of $4.18 per share bested the consensus call by a dime.
Of the major averages, losses are steepest in the Nasdaq Composite, which has been dragged down by large-cap tech plays like Google (GOOG 630.60, -9.03) and Cisco (CSCO 20.91, -0.31). Apple (AAPL 342.45, +1.80) is back to a modest gain after it slipped in the opening minutes of trade.
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