MIDDAY LUNCH

Dow 11157.72  -9.60, Nasdaq 2500.18  -11.7, S&P 1203.70  -3.08 

Stocks are trading lower in today’s trading with the NASDAQ sporting the largest losses.  The weakness in the NASDAQ is due to large cap tech stocks Apple (AAPL) 264.44 -4.20, -1.56%, Intel (INTC) 22.92 -0.57, -2.43% and Microsoft (MSFT) 30.70 -0.30, -0.98% are all trading to the downside.

Financials continue to hamper the broader market; the sector is down -0.9%. Goldman Sachs (GS) 144.73 -15.51, -9.68% shares are getting hammered again today on news that a criminal investigation has begun against the company by the DOJ.

The final Consumer Confidence Index for April from University of Michigan came in at 72.2, which is up from the preliminary reading of 69.5 and above the 71.0 that economist had forecasted.

First quarter GDP came in at +3.2% economists had expected the economy to grow at a rate of 3.3%.