Late Rally Pares Losses as Indices Start Week with a Down Session

The indices suffered a down day to start the week. Most of the losses occurred in the first half hour. The indices gapped down big, then went sharply lower from there, held last Thursday's lows on the Nasdaq 100, and slightly took them out on the S&P 500. That's about where they began to stabilize and rally back. They took back a portion of their losses, retested, and from there they bounced and went narrowly sideways for a few hours. They lifted in early afternoon, but failed to take back