With traders cashing in on the standout gains posted in the previous session, stocks have moved mostly lower over the course of morning trading on Tuesday. The major averages have all moved firmly into negative territory, with the tech-heavy Nasdaq showing a notable decline.
Following the broad based strength seen on Monday, a variety of sectors have come under considerable selling pressure. Natural gas stocks are posting particularly steep losses amid a notable decrease by the price of gas.
Real estate, steel, and railroad stocks are also turning in some of the market's worst performances after posting notable gains in the previous session. However, most of the stocks have only partly offset the substantial gains posted on Monday.
At the other end of the spectrum, health insurance, healthcare provider, and airline stocks are bucking the downtrend. Within the health insurance sector, WellCare (WCG) has jumped 24 percent after announcing the resolution of a government fraud investigation.
In recent trading, the major averages have moved off their worst levels of the day, but they currently remain stuck in the red. The Dow is currently down 30.27 at 8,396.47, the Nasdaq is down 23.07 at 1,740.49 and the S&P 500 is down 7.10 at 900.14.
For comments and feedback: contact firstname.lastname@example.org