Stocks declined after touching session highs in choppy Tuesday morning as traders were disappointed by comments from French President Nicolas Sarkozy and German Chancellor Angela Merkel's press conference in Paris.
Via CNBC.com:
The Dow Jones Industrial Average fell, led by BofA [BAC 7.4789 -0.2811(-3.62%)] and Caterpillar [CAT 89.51-1.86(-2.04%)] after soaring more than 200 points in the previous session. The S&P 500 and Nasdaq also slumped. The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose near 33. All 10 S&P sectors slipped, led by financials and industrials. The banking sector has alternated between gains and losses every day since last Monday.
No comments:
Post a Comment