Afternoon Update

Indices faded positive starts, which saw gains between 0.7% (S&P 500) and 1.0% (Dow) and have traded lower since. As of this moment the averages are down between 0.5% (Small Caps) and -3% (NASDAQ-100) on the week. Losses came at the start of the week, rebounded a little and have since been in increasingly range-bound…