The market sold off from its morning highs after the bond insurance stocks outlook was set at 'negative'. But the market is now attempting to shake off those worries, after ABK spoke up and said they are confident in their AAA-rating.
Bearish sentiment is elevated, with the ARMS Index above 1.0, and the put/call at 1.11 also. Bond yields are falling further, with the 10-year now at 4.05% on worries of economic slowdown. And oil is rallying, above $92.
Here are some stocks making strong moves on above-average volume:
- DGIT, FSIN, AIR, JOYG, HMSY, SID, NNDS, WBD, FCSX, LKQX
- DRI, UNP, FDS, SGP, ASML, DBD, COH, UBS, PFCB
Financials are holding up well, with the broker index up 0.70%, trailing only the oil index on the day.