MIDDAY LUNCH

Dow 10632.10  +13.91, Nasdaq 2308.83  -8.34,S&P 1144.85  -0.13 

Stocks are under pressure even as the dollar losses ground against other currencies.  The dollar is off -0.7% against a basket of foreign currencies.

Materials stocks started the session with strength on anticipation of the latest results from Alcoa (AA) 17.25, +0.23, which is expected to post earnings of $0.06 per share after the market close, but they have since buckled under selling pressure. The sector is now down to a -0.3% loss after it was up nearly +1% in the early going.

Large-cap issues are primary laggards in the tech space.  Apple (AAPL) 209.91, -2.07, Google (GOOG) 595.54, -6.48  and Microsoft (MSFT) 30.32, -0.34.

The CRB Commodity Index is also trading lower today, down -0.2%. 

Oil prices had been well above $83 per barrel in early pit trade, but the commodity has since reversed so that it trades with a -0.2% loss at $82.60 per barrel.