Retailers are still taking a hit off of Best Buy's loss yesterday and now today's data is providing some more selling pressure in the sector.
More Quotes from Tim Heekin:
In the first four months of the year, people made a lot of moves, but since then, I think people have been sitting on their hands a bit. I think that will continue in the next week, but a few weeks from now, it gets more interesting.Tim Heekin
You've got oil prices and the economic news having an impact today. Obviously tomorrow it's all about unemployment. That's the wild card.
Tim Heekin
People will be looking for hints about the direction of the earnings throughout the week, ... both in terms of individual stocks and sectors.
Tim Heekin
FedEx is a big drag today, Merck is down, steel is down, airlines are down, it's all weighing on the transports,
Tim Heekin
There's no economic news out Friday or Monday, and the economic news the rest of next week is not hugely influential,
Tim Heekin
We've been on a tear and it's just kind of flattening out today after hitting some near-term highs yesterday.
Tim Heekin
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