Seeking Alpha

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)
  • Good day to buy the dips
    29 May 2013, 02:04 PM Reply Like
  • Clearly, we need another war.
    29 May 2013, 02:19 PM Reply Like
  • 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)