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S&P today kept its strong sell rating for Williams& Sonoma (WSM). Even though company has plans to get more market share, still home furnishings sector is quite weak.

Gold futures are now down $5.70 to $977.50 an ounce.

S&P is testing the day lows at this hour in the stock exchange. Sellers mostly concentrated on the materials and energy stocks. It seems like S&P sees some support at 925.67. It is a shabby trading day. S&P is now oversold which is currently at 26.22%, below the critical value of 30.

Dollar made a strong rebound, up 1.25% to 79.46. Oil, on the other hand is under some selling pressure. It is now at $65.51 a barrel, down 4.4%. There are several speculations for this. One is that U.S. crude-oil inventories unexpectedly grew by 3 million barrels. The consensus was for a modest decline. Another reason is that the demand for oil slid, 7.7% lower than the same last year.

Factory orders, which was announced at 10am, was up, however, the service sector such as retailers and health care, slowed down which was reflected in today's sell-off.

The 10-year Note is up 19 ticks, yield down to 3.54%.