Stock market live updates: Dow down 500, airlines rebound, 10-year hits record low

By Pippa Stevens

11:15 am: Beaten-up sectors bouncing

Sectors that have experienced extreme pressure recently are bouncing on Friday. The airline heavy U.S. Global Jets ETF (JETS) is up 3.5% and the entertainment Invesco Dynamic Leisure and Entertainment ETF (PEJ) is up 1.35%. Even the S&P 500 retail ETF (XRT) is flirting with positive territory on Friday. Volumes are extremely heavy in all three ETFs, indicating some buying interest, not just selling exhaustion. — Pisani, Fitzgerald 

10:57 am: Negative rates not on table for Fed, Goldman’s Hatzius says

Goldman Sachs chief economist Jan Hatzius said on CNBC’s “Squawk on the Street” that the Federal Reserve would use a quantitative easing program once its benchmark interest rate gets near zero instead of pushing it in to negative territory.
“The next step, if they need to go to zero and they need to provide additional stimulus, is going to be much more QE and forward guidance than negative rates … it’s not impossible that it could happen, but it’s not something that’s going to be on the agenda any time soon.” — Pound

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