After being down more than 100 points this morning, the Dow Jones Industrial Average has bounced back is now down just 13 points, or 0.1%, at 15,224, while the S&P 500 is off 0.1 % at 1,701.95.
Getty Images The bounce is being attributed to headlines quoting Senator Harry Reid as saying, “we’re getting close.” It also helps that President Barack Obama has called together Democrats and Republicans for a meeting this afternoon at the White House.
The Consumer Discretionary Select Sector SPDR (XLY), which had been down as much as 0.8%, is now little changed at $60.78, while the Financial Select Sector SPDR (XLF) is off just 0.2% at $20.27. Hardest hit is the Utilities Select Sector SPDR (XLU), which has dropped 1.2% to $37.67. The Technology Select Sector SPDR (XLK) is the top performer: It’s up 0.1% at $32.49.
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