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TIM PARADIS
NEW YORK (AP) — Spooked traders unraveled a rally in stocks late Wednesday as a downbeat assessment of a bank touched off fears that the market is getting overheated.
The Dow Jones industrial average ended down 92 points after having risen 78 points earlier in the day to a new high for the year.
Analysts pointed to a note on Wells Fargo & Co. from banking analyst Richard Bove as the source of the drop, but also said a mix of complacency and lingering concerns about the pace of the market's climb in the past seven months left stocks ripe for a hit. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,567.94 | 1,144.71 | 2,357.36 | 37.25 |
Oil *
80.29
|
|
UP
0.61
|
DOWN
0.90
|
DOWN
1.59
|
UP
0.05
|
10 Yr
3.72%
SPDR Gold
108.49
|
|
+0.01%
|
-0.08%
|
-0.07%
|
+0.13%
|
Data delayed 20 minutes |
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