The opening is volatile but down after the day off as a result of the Bush funeral yesterday.
The current snapshot shows:
- S&P index -37.81 points or -1.42% at 2661.70. The early trading low reached 2648.04
- NASDAQ composite index -104 points or -1.44% at 7056. The low reached 7001.5.
- Dow industrial average -391 points or -1.56% at 24640. The low reached 24527
The good news if any, is the indices are bouncing off lower levels in volatile trading.