Early Update

12:15 p.m. ET The stock market opened to broad based selling activity. Decliners opened with a better than 4-to-1 lead over advancers at the NYSE and a nearly 3-to-1 lead at the NASDAQ. That’s since come down to just shy of 3-to-1. SP-500 -0.3%, Dow -0.65% (Transports -1.25%), NASDAQ-100 -0.05%, Small Caps -1.1% The early…