Metals were capped most of the day. Could just be a consolidation.
Breaking news after the bell, S&P has cut Greece to 'selective default.' The action is based on the modification of the terms of the debt with some of the bondholders.
Saint Michael the Archangel, defend us in battle; be our protection against the wickedness and snares of the devil. May God rebuke him, we humbly pray: and you, Prince of the heavenly host, by the power of God, thrust into Hell Satan and all of the other evil spirits who prowl about the world seeking the ruin of souls.