NEW YORK (TheStreet) -- Stocks fell for the second day in a row on Wednesday following the huge down day on Tuesday.
After being higher for most of the day on Wednesday, the DJIA closed down 27.55 points to finish at 17,635.39 while the S&P 500 closed down 3.92 points to finish at 2,040.24. The Nasdaq lost 9.85 points to close at 4,849.94 while the Russell 2000 bucked the trend, closing higher by 7.31 points at 1,215.79.
Thursday we will see a market moving event as the U.S. retail sales number is released before the markets open.
The indexes and individual stocks taken as a whole are sufficiently oversold and a bounce to the upside is very near, within a day or two at most.
Oversold Stocks to Buy