Stocks Hover After Steep Declines

Stocks are little-changed this morning after a big drop yesterday.

S&P 500 futures are down by 0.1 percent after trying to rebound earlier in the morning. Europe is lower by 0.5 percent to 1 percent, while Asian markets fell more sharply in the overnight session.

Worries about conflict with Syria and investor fatigue have combined to send equities lower in recent weeks. The S&P 500 made a new all-time high on Aug. 2 but then slipped below its 10-day moving average and has been falling since. It attempted to rebound earlier this week but once again hit resistance at that key short-term momentum gauge.

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