RTTNews - Stocks have moved modestly lower in early trading on Tuesday, with the major averages slipping below the unchanged line after ending the previous session mixed. Selling pressure has remained subdued, however, limiting the downside for the markets.

Most of the major sector indices have moved to the downside, although most are posting relatively modest losses. Nonetheless, significant weakness has emerged among housing, airline, and real estate stocks.

The major averages have seen some further downside in the past few minutes, pulling back to new lows for the session. The Dow is currently down 46.40 at 8,278.47, the Nasdaq is down 6.17 at 1,781.23 and the S&P 500 is down 4.64 at 894.08.

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