On Tuesday markets initially showed gains but then turned and strongly declined. Shares of Action Alerts PLUS holdings 3M (MMM - Get Report) , Alphabet (GOOGL - Get Report) , Facebook (FB - Get Report) and Amazon (AMZN - Get Report) all fell. Also lower were (NFLX - Get Report) and Caterpillar (CAT - Get Report) .
In the bond market, 10-year Treasury yields hit 3% for first time since 2014.
The shortage of homes for sale continued to push home prices higher nationwide. Values were up 6.3% nationally in February YoY, according to the S&P CoreLogic Case-Shiller Home Price Index.
Jim Cramer: IBM, P&G Deserve a Look-See
TheStreet's Jim Cramer asks, "When is a four percent yield NOT enough? I think we will find out soon enough when three of the Dow Jones 30 Industrials test their downside limits in the next selloff."
"Only one of these is what I would call an intended high yielder, Verizon (VZ - Get Report) ...but the other two are very compelling when you think about it: Procter & Gamble (PG - Get Report) and IBM (IBM - Get Report) ."
Read Cramer's full analysis, here.
The Clouds Are Parting for Amazon
Shares of Amazon have been on a tear this year, up more than 30% thus far, and for those wondering if the shares remain my top pick for 2018 the answer is yes, according to Real Money Pro columnist Chris Versace.
"Amazon has positioned itself for the tailwind that is the accelerating shift toward a digital lifestyle. At nearly every turn it has looked to remove friction for its customers, be they consumers, enterprise or other institutions," Versace adds.