Real estate and financials drag averages into red

|By:, SA News Editor

Monday's decline continues in midday New York trading as real estate and financial stocks tug down on the three major U.S. stock averages.

The Nasdaq slips 0.4% and S&P 500 falls 0.3%. The Dow, meanwhile, declines 0.3% as Goldman sinks 3.2% after Chairman and CEO David Solomon calls the quarter a "muted" start to the year.

By S&P industry sector, real estate (-0.9%) and financials (-0.6%) lag the broader market, while consumer staples (+0.5%), utilities (+0.2%), and health care (+0.1%) are the only sectors to manage gains.

Crude oil slides 0.9% to $63.29 per barrel.

10-year Treasury yield falls 1.5 basis points to 2.554%.

Dollar Index unchanged at 96.92.

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