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Stocks Remain In Negative Territory Moving Into Last Hour Of Trading

Moving into the last hour of trading on Wednesday, stocks have come well off their lows of the day but remain beneath the unchanged line.

Health insurance and airline stocks continue to turn in some of the worst performances of the day, with the Morgan Stanley Healthcare Payor Index down 5.2 percent and the Amex Airline Index down 4.7 percent.

At the other end of the spectrum, significant strength has emerged in the banking and semiconductor sectors. The S&P Banks Index is up 3.1 percent, while the Philadelphia Semiconductor Index is up 2.5 percent.

Currently, the Dow is down 52.73 at 7,298.21, the Nasdaq is down 12.28 at 1,429.55, and the S&P 500 is down 5.94 at 767.20.

by RTTNews Staff Writer

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