Stocks struggling to rebound as the Street prepares to wrap up the worst fist half for stocks in decades. The three major indices are in red territory with Nasdaq being the worst performer this afternoon.

Only four sectors are higher, led by Energy, while Communication Services is the biggest decliner.

After an unexpected rise in durable goods orders in May and pending home sales, the Dallas Fed’s Manufacturing Survey in June plunged to its lowest since May 2020.

• Survey -17.7 vs. -7.3 prior and -6.5 consensus
• New orders crashed into negative territory at -7.3
• Outlook sank to -20.2 from -10 in May

Lots of see sawing today, as we wait for Nike’s (NKE) results, which should give us a glimpse of the consumer and supply chains.