Stock Market Update

[BRIEFING.COM] The S&P 500 (-1.2%), Nasdaq Composite (-1.2%), and DJIA (-1.4%) continue to chart new session lows just before the close, as breadth figures, sector strength, and mega-cap performance all sit at their worst levels of the session. 

The major averages will have to embark on a serious turnaround effort to reclaim their 50-day moving averages before the close, with even more distance between the current seatings and their unchanged values. With selling pressure accelerating into the bell, the path of least resistance remains to the downside.