Epic US Markets Update
The S&P 500 has dropped in nine of the past 11 sessions. Among sectors, utilities and industrial names were among the hardest hit, down 1.2 percent and down 1.1 percent, respectively.
The Dow Jones industrial average was down 136.66 points, or 0.90 percent, at 14,996.48. The Standard & Poorís 500 Index was down 15.21 points, or 0.90 percent, at 1,678.66. The Nasdaq Composite Index was down 40.68 points, or 1.07 percent, at 3,774.34. The S&P 500′s 50-day moving average stood at 1,679.84.