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.
"Peace cannot be understood as the forced silence of the people. Ideologies based on lies and violence collapse; they bear evil fruit and moral devastation. It is not enough for a Christian merely to condemn evil, lies, cowardice, enslavement, hatred, and violence. A Christian must be a true witness, spokesman, and defender of justice, goodness, truth, freedom, and love. He must courageously demand these values for himself and for others." Jerzy Populesko, Solidarność, May 27, 1984