• Dow -124.50 at 12571.42, Nasdaq -31.06 at 2831.98, S&P -12.21 at 1336.44

Market news

13 May 2011

Dow -124.50 at 12571.42, Nasdaq -31.06 at 2831.98, S&P -12.21 at 1336.44

The major equity averages are now all down about 1%. Their weakness comes amid a rally by the greenback, which is now sporting a 0.8% gain. That puts the buck at its best level in more than a month.
Financials remain in the worst shape. The sector's 1.2% drop today has left the sector facing a potential weekly loss of 1.8%.

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