Last Updated: February 19th, 2009: 12:12 PM ET---After opening higher, the major US equity indices have since fallen into the red following a mixed batch of economic reports and a number of disappointing corporate results. Financials and technology stocks are weighing the most on the major indices, both trading 2.8% lower. Telecom is providing some leadership, trading 1.3% higher. The Dow is currently off 0.9% to 7,490 and nearing its November bear-market low at 7,392. The S&P 500 is trading 0.5% lower to 784, while the tech-heavy Nasdaq is underperforming its peers, trading off 0.9% to 1,455.

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