• Dow -74.74 at 11780.68, Nasdaq -11.08 at 2656.25, S&P -6.28 at 1275.60

Market news

16 March 2011

Dow -74.74 at 11780.68, Nasdaq -11.08 at 2656.25, S&P -6.28 at 1275.60

Sellers hit stocks at the open to send the major equity averages markedly lower. Stocks have made modest attempts to rebound from the gap down, though.
Leadership is lacking in the early going. Tech, the largest sector by market weight in the S&P 500, is down 0.8%, which makes it the worst performing sector.
General weakness among stocks has helped refresh the bid for Treasuries, but the yield on the 10-year Note is still above the three-month low of about 3.20% that was set yesterday.

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