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ManicTrader

09/04/12 10:22 AM

#266880 RE: ManicTrader #266879

WRAPX Opening Market Summary: Stocks Open Lower

Equities are marking fresh session lows as the Dow underperforms, down 0.3%.

Looking at the early sector performance, consumer staples lead the way, up 0.3%. On the downside, industrials and material stocks are lower by 0.8% and 0.6%, respectively.

Netflix (NFLX 53.76, -5.96) is sliding 9.8% after Amazon (AMZN 249.39, +1.11) announced a new Prime instant video agreement with EPIX. The agreement is expected to increase competition in online video streaming as it takes aim at the core business of Netflix.

The August ISM Index and July construction spending will be reported at 10:00 ET.

Read more: https://www.briefing.com/Platinum/InDepth/InPlay.htm#ixzz25VjnemVJ