Dow 6551.43 -43.01 (-0.66%)
Nasdaq 1277.22 -22.37 (-1.75%)
SP 500 675.91 -6.64 (-0.98%)
10-yr Note +8/32 2.78%
NYSE Adv 793 Dec 1951 Vol 438 mln
Nasdaq Adv 1015 Dec 1370 Vol 682 ml
] All three major indices are now trading with losses. The decline is broad-based, but renewed selling pressure among financial stocks appears to be the primary catalyst for the downward move.

Financial stocks are currently down 2.8%. They were up as much as 3.5% in the early going.

Goldman Sachs (GS 76.61, -5.11) is trading as a primary laggard in the sector. GS began the session with a healthy gain, but has since slipped to its lowest point in more than one month.

Wells Fargo (WFC 8.54, +0.42) continues to sport solid gains, while providing support to the financial sector. The stock is up after the company announced plans to cut its quarterly dividend from $0.34 per share to $0.05 per share, which will save capital and help expedite the time to repay government loans.