Equity sectors: Discretionary is the weakest group in the market, falling around 1.75% on earnings from $DHI and $NKE

Equity sectors: Discretionary is the weakest group in the market, falling around 1.75% on earnings from DHI and NKE. Financials are off over 1.55% on weakness across the board ahead of the Volcker rule discussions. Energy is lagging the tape a bit on weakness in integrateds and drillers on a slide in crude and Gulf worries. Tech is also lagging the tape on weakness in semis (SOX off 2%). Materials are slightly ahead of the tape as strength in gold stocks puts a floor under weakness in the rest of the space. Industrials are slightly ahead of the tape as well, although defense names and higher beta machinery stocks are weighing on the group. Telecom is outperforming the tape, off 0.5% as FTR and Q provide support for the group. Healthcare is also outperforming, falling just under 0.5% on strength in a few biotechs. Staples are off just over 0.25% and outperforming on a defensive bid thanks to strength in beverages. Utilities are the only space higher today, up 0.5% on both a defensive bid and a sector upgrade at Barclays.