Stocks Hit New Intra-Day Lows
Sentiment is continuing to deteriorate on Monday morning and the major stock averages are now sitting at new intra-day lows. At last check, the Dow Jones Industrial Average was down 61 points to 12,058. The S&P had shed 9 points, or 0.70%, and the Nasdaq was down 0.60%.
In S&P futures, contracts are sitting at Monday lows, but are holding around 6 points above the overnight session low of 1,262. This area could be a natural downside target if risk appetite continues to deteriorate on the day.
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