[BRIEFING.COM] Stocks have extended initial losses to trade markedly lower. Weakness is broad-based.
Only health care (+1.3%) is trading higher. Its strength this session comes in stark contrast to recent sessions; health care lagged the broader market for much of last week. While the S&P 500 made a weekly gain of 3.3% last week, health care slid 1.9% during the same time span.
Health care's losses last week came amid a congressional decision to overhaul health care regulations, which has been seen as detrimental to many of the sector's services companies, facilities companies, and managed providers. Those groups are bouncing back this session, though. Health care services are up 2.4%; health care facilities are up 3.6%, and; managed health care is up 5.0%.
Early movers: Trading down: JAVA -23.1%, AXA -11.3%, RTP -11.3%, IIIN -10.2%. Trading up: SUMT +43.3%, LGCY +34.6%, SAY +19.7%, DNDN +14%, MGM +13.8%
