The markets are trying fresh-lows of the day. S&P 500 is at 937.60. There seems to be no sector leading the markets today. Materials and Energy are the only sectors of S&P that are in green, 0.47% and 0.33% respectively. It is a choppy session.

The monthly wholesale trade sales and inventories data came out at 10am. The April 2009 sales of merchant wholesalers, were down 0.4% at $309.4 billion from the revised March data. Total inventories of merchant wholesalers were $405.4 billion, down 1.4$ from the March level according to the U.S. census Bureau.