U.S. equities extended their slide
U.S. equities extended their slide probing session lows again as trade gloom hangs over the markets, despite the likelihood that the March 1 goal posts get moved if progress continues to be made. Europe settled lower, though above earlier lows, with the German DAX -1.0% pacing the decline and the Euro Stoxx 50 off 0.5%. The major U.S. indices are 0.5-0.8% lower, led down by the Dow. Within the Dow, the biggest losers are UnitedHealth -2.1%, Walgreens -2% and Intel -2%, while top gainers are Merck +0.48% and Cisco +0.3%. In the S&P 500 Goodyear -8.8%, Henry Schein -7.2% and Arconic -5.2% are deepest decliners, while Coty +27%, Mattel +23.3% and Motorola +13.4% are tops. VIX equity vol continues to rebound, up 4.8% near 17.16, while the dollar index is flat at 96.58 and WTI crude is slightly firmer at $52.72 bbl. Amazon -2.5% is still feeling the heat over the distracting Bezos/AMI blackmail scandal.