Dow -108.30 at 12062.90, Nasdaq -56.01 at 2728.65, S&P -15.29 at 1305.89

Market news

7 March 2011

Dow -108.30 at 12062.90, Nasdaq -56.01 at 2728.65, S&P -15.29 at 1305.89

Stocks recently made a halfhearted attempt to lift off of session lows, but sellers were quick to keep them at session lows. Telecom and utilities, both defensive oriented, have managed to put together gains, though. The two sectors are up 0.2% and 0.6%, respectively. Other defensive-oriented sectors like consumer staples (-0.2%) and health care (-1.0%) haven't been as fortunate. Tech stocks and materials stocks represent this session's worst performing sectors. Both are down 1.7% at the moment.

IMF: Zhu Min says global recovery is going well and expect 4.4% real growth in 2011

Fitch says investors are "not overly concerned about near-term inflation pressures

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