Stocks Resume Sell-Off, ES1 Eyes Last Week's Low

US equity markets wholly erasing the Friday recovery in recent trade, prompting the e-mini S&P to narrow in on last week's lows at 4260 as the sell-off resumes. No specific headline or news driver to prompt equity weakness here, but the publication of the US-China trade factsheet may have unsettled some. Nonetheless, little of the factsheet itself was unknown, with the bulk of the information released over the weekend.

• The NYSE TICK index shows relatively sizeable programme selling from the open, with the pace accelerating over the past few minutes.
• Relatively healthy volumes on the way lower, with activity picking up at 1035ET, at which over 15k contracts traded inside 60 seconds - volume that rivals the opening bell.
• Tech and communication services are among the poorest performers in the S&P500, helping explain the underperformance in the tech-led NASDAQ at present levels.