Market news
11.01.2011, 15:23

Dow +37.08 at 11674.53, Nasdaq +5.67 at 2713.47, S&P +3.14 at 1272.89

Selling pressure has intensified to extend the stock market's morning slide. The pullback has been rather broad and coincides with a bounce by the dollar, which is now at its morning high with a 0.2% gain against a basket of competing currencies. The latest wholesale inventory data was just released. Inventories for November fell 0.2%, which contrasts with the consensus call for a 1.0% increase among economists polled by The wholesale inventory number isn't usually a number that is followed by broader market participants, however. Advancing Sectors: Energy (+0.8%), Financials (+0.5%), Materials (+0.4%), Industrials (+0.3%), Consumer Discretionary (+0.2%), Health Care (+0.2%), Consumer Staples (+0.1%), Tech (+0.1%) Declining Sectors: Telecom (-1.2%), Utilities (-0.1%)

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