Market Update (SPY, QQQQ, DIA)

The markets are down, but much less so from earlier this morning when the broader markets were off 1% or more on fears of European banks and sovereign debt concerns. At last check, the Dow was off 10 points to 11,040, the S&P 500 was lower by 3 points to 1,184, and the NASDAQ was the weakest index, losing 20 points to trade at 2,503, a loss of 0.8%.