The pullback follows Tuesday's stellar session, which was the best day for the broad markets in more than a month. Wednesday's selling was widespread but the financials, tech, conglomerates, energy and utilities were under the most pressure. Breadth was negative with winners outpacing losers 2-to-1 on both the New York Stock Exchange and the Nasdaq. The Dow Jones Industrial Average fell 83 points, or 0.6%, to settle at 13,033, just 5 points above its low for the session. The S&P 500 sank nearly 6 points, or 0.4%, to close at 1385. The Nasdaq shed more than 11 points or 0.4% to finish at 3031, recovering from a session low of 3024.
NEW YORK ( TheStreet) -- Stocks lost ground Wednesday, weighed down by lackluster earnings from tech heavyweights Intel ( INTC) and IBM ( IBM) and nervousness ahead of another round of Spanish bond sales on Thursday.