A recovery attempt sputters as broad-based weakness offsets a 0.7% gain in financials and a 0.2% advance in consumer staples.
Large-cap financial names are providing early leadership, with strength in JPMorgan (JPM 38.30, +0.79), Bank of America (BAC 30.18, +0.60) and Citigroup (C 20.18, +0.58). The sector fell 7.2% over the last two sessions, hitting a fresh multi-year low in yesterday's trade.
The remaining sectors are under pressure, with notable weakness in telecom (-2.0%), materials (-1.7%) and energy (-1.4%).
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