[BRIEFING.COM] The major indices have recovered off their lows, despite a worse than expected economic report. The indices are still in the red, but have pared a good portion of their intraday losses due to a broad-based pickup in buying interest led by the financial sector (-0.6%). The telecom (+0.5%) and healthcare (+0.1%) sectors are now in the green.
Reported at 10:00 ET, the preliminary University of Michigan Consumer Sentiment Index slipped 75.0, its lowest level since October of 2005. Economists expected a reading of 80.0.NYSE Adv/Dec 312/2661...Nasdaq Adv/Dec 539/2087