NOTE: Please click on the charts below to enlarge them if they do not appear clearly.Following through on Monday’s weakness, stocks suffered a damaging round of broad-based losses yesterday. After gapping lower on the open, the major indices moved steadily lower throughout the morning, consolidated near their lows at mid-day, then plunged to new lows in the final hour of trading. The S&P 500, Nasdaq Composite, and S&P Midcap 400 indexes each plummeted 2.4%, while the Dow Jones Industrial Average fell 2.1%. The small-cap Russell 2000 lost 2.7%, maintai[...]
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[Source: The Money Blogs]
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