Evening Market Recap - Thursday, 21-Sep

US equities were lower in a quiet Thursday afternoon trading session, near worst levels and extending Wednesday's declines. The S&P had its worst session since March; and the Nasdaq more than doubled Wednesday's sharp drop. Big tech was again among the biggest drags. Networking/communications, homebuilders, REITs, oil services, exchanges, auto suppliers, QSRs, and casinos were some of the other laggards. Among the outperformers were refiners, managed care, media apparel retailers, and food. Oil price spike, seasonality, dampened momentum in pockets of big tech, consumer headwinds and the United Auto Workers strike are some of the other higher-profile areas of caution.