After an unsure opening that saw a brief selloff morph into a mild rally, the market has entered the afternoon settling into a range that's comfortably lower than the flat line.
Leadership is hard to see.
Financial stocks are the clear losers today, but stocks on the move are a hodgepodge of drugmakers, industrial stocks, telecommunications companies and energy stocks. We still haven't broken this 11,000 level yet, though. The Dow Jones Industrial Average earlier flirted with 11,000, coming within five points of that selling level before bouncing off and heading lower. It's hard to keep a good optimist down in this stock market. There's been a general shift in sentiment towards positive and it couldn't be even be deterred by Friday's jobs release, which showed nonfarm payrolls dropped 223,000 in April, the worst one-month loss in more than 10 years.