Intraday Update

1:25 p.m. ET Shortly after I started the Early Update, the averages came down and gave up gains. Shortly after the open, advancers led decliners by a 4-to-1 margin at the NYSE and a nearly 3-to-1 margin at the NASDAQ. Now, decliners lead advancers by an 11-to-10 margin at the NYSE and a 3-to-2 margin…