Market recap: Stocks closed sharply lower after a late selloff, perhaps sparked by profit-taking...

|By:, SA News Editor
Market recap: Stocks closed sharply lower after a late selloff, perhaps sparked by profit-taking from money managers looking to rebalance at month's end. Although the Dow finished with its sixth straight monthly gain, today was the eighth session in a row where the index swung in a triple-digit range. Treasury prices fell again; 10-year yields, now at 2.19%, rose more than in any month since Dec. 2010. Oil and gold fell (I, II).