The Dow is down 0.44% to 8342, the S&P is down 1.15% to 867, and the Nasdaq is down 1.21% to 1533. Leading sectors include: Real Estate Services +13.1%, Agricultural Products +5.2%, Regional Banks +4.9%, Education Services +4.3%, and Broadcasting +3.7%. Lagging sectors include: Multi-line Insurance -13.0%, Tires & Rubber -10.5%, Coal & Consumable Fuel -8.5%, Investment Banking & Brokerage -6.6%, and Gas Utilities -5.6%. The morning action has come on below average volume (NYSE 445 mln, vs midday avg at 530 mln; NASDAQ 829 mln, vs 935 mln avg), decliners outpacing advancers (NYSE advancers/decliners 893/1938, NASDAQ advancers/decliners 877/1810), and with new lows outpacing new highs (NYSE new highs/new lows 1/453, Nasdaq new highs/new lows 1/405).