Список проголосовавших за комментарий " Midday Market Summary: Major Averages Slightly Lower at Midday<p>The major averages have recouped some of their early losses to sit just below their flat lines at midday. The S&P 500 sits 0.1% lower, while the small-cap Russell 2000 (-0.7%) underperforms.</p><p>Countercyclical sectors have had the upper hand thus far, with consumer staples (+0.3%), utilities (+1.0%), telecom services (+0.4%), and real estate (+0.8%) all trading higher. On the other hand, health care (-0.4%) is holding a modest loss as biotech names weigh.</p><p>The <strong>iShares Nasdaq Biotechnology ETF</strong> (IBB 280.04, -2.37) is lower by 0.8% due in large part to a 9.9% plunge in the shares of <strong>Gilead Sciences</strong> (GILD 65.90, -7.22). The dive has taken place in reaction to the company's negative guidance for 2017, which has overshadowed better than expected results. However, a positive earnings report and above-consensus guidance from <strong>Allergan</strong> (AGN 236.50, +3.89) has mitigated some of the health care space's loss.</p><p>On the cyclical side, financials (-1.1%) sit at the bottom of the day's leaderboard, a space once occupied by the energy sector(-0.3%). Energy has moved up from its session low in tandem with an uptick in crude oil. The commodity held solid losses this morning but counter-intuitively jumped into positive territory after data from the Energy Information Administration (EIA) showed a huge 13.8 million barrel build in oil inventories. WTI crude currently trades 0.2% higher at $52.41/bbl.</p><p>Consumer discretionary (+0.4%) and technology (+0.1%) are the only cyclical spaces to buck the cautious tone. Consumer discretionary has seen a bump from the earnings front as large-cap names <strong>Walt Disney</strong> (DIS 109.61, +0.62), <strong>Time Warner</strong> (TWX 96.55, +0.32), and <strong>O'Reilly Automotive</strong> (ORLY 273.00, +10.78) reported quarterly results between yesterday's close and today's open.</p><p>ORLY has seen the biggest jump, adding 4.0%, after beating earnings estimates. Similarly, Walt Disney and Time Warner are up 0.6% and 0.4% after both companies beat earnings expectations. In addition, TWX reported better than expected revenues.</p><p>The Treasury market currently sits at its highest level of the day as the fed funds futures market has seen a decrease in the implied probability of a March rate hike. The implied probability has declined to 4.4% from yesterday's 8.9%. The benchmark 10-yr yield is lower by seven basis points at 2.33%.</p><p>Despite the downtick in odds for March, the fed funds futures market continues pointing to June (58.4%) as the most likely window for the next hike.</p><p>Today's lone economic report, the weekly MBA Mortgage Index, increased 2.3% to follow last week's 3.2% decline.</p><p>Investors will not receive any more economic data on Wednesday.</p>"