(RTTNews) - Stocks moved moderately lower at the start of trading on Tuesday, with the major average seeing some further downside after ending the previous session sharply lower. The initial weakness came as traders continue to react negatively to the latest earnings news.

After helping to lead the way lower in the previous session, banking stocks are once again seeing considerable weakness in early trading. Early weakness in the real estate, energy, and telecom sectors has also helped to drag the markets lower.

Nonetheless, significant strength has emerged in the healthcare provider and health insurance sectors, helping to limit the downside for the markets. Airline, networking, and gold stocks are also seeing early strength.

In the past few minutes, the major averages have edged up off their lows for the young session, although they currently remain stuck in the red. The Dow is currently down 22.94 at 7,818.79, the Nasdaq is down 2.29 at 1,605.92 and the S&P 500 is down 1.04 at 831.35.

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Posted in Categories: Economy, Releases.

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