|09:59 EDT||Market drops at open, finds level|
Stock futures were lower throughout the pre-market trading session, leading to a lower open for the broader market. Since their initial move lower, the averages have moved in a narrow range and will likely remain range-bound in a holiday abbreviated session that probably will see little trading volume. With politicians in the U.S. on recess and many of the world's markets also in short-session or closed, there is little reason for investors to jump in today except possibly to do some bargain hunting in the spirit of the last shopping day before Christmas. About a half hour into trading, the Dow is down 40 points, the Nasdaq is down 10 points and the S&P is down 4 points.