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Stocks tumble to session lows in late-morning trade, the DJIA (DIA -1%) off 168 points. Gravity...

Stocks tumble to session lows in late-morning trade, the DJIA (DIA -1%) off 168 points. Gravity continues to take hold of the previously-leading defensive sectors as their dividends are starting to face competition from Treasurys - Healthcare (XLV -1.7%), Utilities (XLU -1.9%), Consumer staples (XLP -1.8%). Residing in tech, but favored for its high dividend, Verizon (VZ -2.9%) is off about 5% from its gap open yesterday.
Comments (3)
  • CraigPowell
    , contributor
    Comments (120) | Send Message
     
    Good day to buy the dips
    29 May 2013, 02:04 PM Reply Like
  • mickmars
    , contributor
    Comments (1323) | Send Message
     
    Clearly, we need another war.
    29 May 2013, 02:19 PM Reply Like
  • Lakeaffect
    , contributor
    Comments (1091) | Send Message
     
    Simply closing yesterday's gap up. We'll see what the next few days bring.
    29 May 2013, 03:18 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
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