The index last traded at 1381.58, just off session lows, as we head into late afternoon trading. The low, at 1377.04, was just a few points away from support at the 10-day moving average, last at 1374.38. These are important support levels. Resistance is at 1384.87. Most sectors are in the red, with Technology, Energy, and Utilities the leaders on the downside. No sectors are currently more than fractionally positive on the day.
Stocks were falling amid investor concerns the U.S. Federal Reserve may begin to taper its stimulus measures and …