Stocks continued to extend session lows after the FI close, SPX emini futures ESM2 -43.5 (-1.05%) at 4115.25. Already trading mildly weaker through the first half, major indexes extended lows as SEC Chairman Gary Gensler discussed possible new market regulation at a Piper Sandler conference, seeking to "assure full competition, best prices for retail investors" WSJ reported.
- Other headline news included profit warnings for Credit Suisse overnight that may trigger more lay-offs (this a day after execs looked to expand managing directors at the bank by appr 40. Unverified market chatter over potential purchase of CS by State Street.
- Meanwhile, Twitter bounced (41.29H +1.16) after headlines micro-blogger will comply with Elon Musk request for more acct spam data.
- SPX leading/lagging sectors: Communication Services (-0.09%) edged past Energy sector (-0.09%). Laggers: Real Estate (-2.55%) followed by Materials (-2.02%), Utilites (-2.03%) and Industrials (-1.93%).
- DJIA -290.11 (-0.87%) at 32888.67; Nasdaq -93 (-0.8%) at 12081.94.
- Dow Industrials Leaders/Laggers: SalesForce.com (CRM) +2.68 at 189.83 edged past Caterpillar (CAT) +2.42 at 229.52, while bid for Chevron (CVX) faded: +0.43 at 180.63. Laggers: Goldman Sachs (GS) -7.18 at 314.33, United Health Care (UNH) -5.45 at 491.65, Home Depot (HD) -3.99 at 297.78