The major equity averages are down with marked losses this morning. Tech continues to be a source of considerable weakness. The sector, which is the largest by market weight, is down 0.8%. Natural resource plays, like energy stocks (-0.6%) and materials stocks (-0.5%), have also been a burden on the broad market in the early going.
Financials, however, are showing strength for the second straight session; they are up 0.4% as a group. The sector's strength comes without help from bank stocks, which are collectively down 0.2%, according to the KBW Bank Index.