We Have Our Correction With Mega Caps Leading the Charge

12:56 p.m. ET Economic data… The Conference Board’s Consumer Confidence Index dropped to 104.1 in January (consensus 108.1) from an upwardly revised 109.5 (from 104.7) in December. The report highlights that consumers, in general, remained pessimistic about future employment prospects. New Orders for Durable Goods fell -2.2% month-over-month in December (consensus 0.4%) following a downwardly…