Early Update

11:35 a.m. ET So far we have a broad-based decline, similar to the last 2 days of broad-based advance, but no leadership. Dow Transports outperforms as FedEx (FDX +8%) is the top performing stock in the S&P 500 today after reporting better than expected earnings and authorizing a new $5 billion share repurchase program. UPS (UPS +0.8%)…