Major Averages Hit as Precipitous Declines Weigh on Key Financial SharesPICTURED BELOW: The tech-heavy Nasdaq Composite Index closed at a new low after Monday’s loss on lighter volume. The major averages fell for a third consecutive day, led by financial and mortgage related securities. Volume totals were lighter than the prior session’s totals on the NYSE and on the Nasdaq exchange. Decliners trumped advancers by nearly a 5-to-1 ratio on the NYSE and by an 3-to-1 ratio on the Nasdaq exchange. Ahead of Tuesday’s opening, Dow futures spiked 23[...]
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[Source: The Money Blogs]
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