Stocks See Some Further Downside In Early Afternoon Trading
Dec 12 12:27 PM EST
With traders cashing in on some recent gains, the U.S. stock markets are seeing some weakness in early afternoon trading. The downward momentum comes as traders wait on the release of the Federal Reserve's interest rate announcement.
The markets have seen some further downside in recent trading, with the major averages pulling back to new lows for the session. The Dow is currently down 53.68 at 12,274.80, while the Nasdaq is down 19.58 at 2,423.28 and the S&P 500 is down 6.09 at 1,406.95. NYSE Adv/Dec 1340/1818, Nasdaq Adv/Dec 1029/1862.
Profit taking has contributed to some weakness in the airline sector, with the Amex Airline Index currently down 3.2 percent after ending the previous session up 1.9 percent.
