• Wall St. tumbles; S&P below 50-day moving average

    NEW YORK (Reuters) - U.S. stocks slumped in a broad decline on Thursday, with the S&P 500 falling below a key technical level and erasing its gains for the month as concerns mounted over the strength12:22 PM ET | Reuters

  • U.S. jobless claims up, wage growth starting to push higher

    WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, but the underlying trend pointed to a continuing strengthening of labor market conditions.9:13 AM ET | Reuters

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[BRIEFING.COM] The stock market is experiencing one of its worst days in some time.  Every Dow component is lower at this time and every sector is sporting a loss of at least 1.0%.  The A/D line at the NYSE favors decliners by a 10-to-1 margin.

We acknowledged many of the reasons in our midday summary why the market is doing so poorly.  We won't rehash them here, only we'll add that today is peculiar because there isn't a rotation within the stock market to ... More


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