Daily Wrap

DJIA -93.39 (-0.60%) to 15,518.74;S&P 500 -9.77 (-0.57%) to 1,697.37;NASDAQ -27.18 (-0.74%) to 3,665.77 The major indices lost ground today on lower than normal volume.  As noted yesterday, this looks to be a lighter news week that previous with not as many big name earnings reports as well as not much economic data.  The S&P 500 started lower and reached what would ultimately be the lows of the day after only 90 minutes of trading.  After that point the market bounced and then consolidated from noon EST until the close.  In economic data the Trade Balance came in much less than expected posting…