Stocks have bounced off of their afternoon lows, but the Nasdaq is still down 1%. Tech stocks, which are collectively down 1%, continue to hamper it.
Consumer discretionary stocks aren't faring much better. The sector is off by 0.8%. Wal-Mart (WMT 55.96, +0.24) has won some support ahead of its latest quarterly report, which will be posted tomorrow morning. The world's largest retailer is expected to announce earnings of $0.95 per share.