All three of the major market averages are now in negative territory as the S&P 500 leads the decline with a loss of 0.4%.
Financial shares are lower by close to 1.0% in early action as European weakness in the sector has spread to U.S. trade. Wells Fargo (WFC 26.15, -0.71), JP Morgan Chase (40.49, -1.08), Citigroup (C 38.72, -1.11), and Bank of America (BAC 11.00, -0.28) are all lower by at least 2.0%.