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Stocks broadly tumble in late-morning trade, the S&P 500 (SPY -0.8%), the Nasdaq 100 (QQQ...

Stocks broadly tumble in late-morning trade, the S&P 500 (SPY -0.8%), the Nasdaq 100 (QQQ -0.8%), and the Dow (DIA, DOG) off triple-digits. The financial sector (XLF -1.3%) leads the way, headed by a 2.1% decline in Citigroup. Higher interest rates may be the worry, but the stock market's fall pretty much means they're not coming. The 10-year Treasury yield slips 3 bps to 2.10%. TLT +1%, TBT -1.8%.
Comments (14)
  • ronnick01
    , contributor
    Comment (1) | Send Message
     
    The Fed's quagmire is a puzzle to say the least. Rate's too low for retiree's to exist on while the economy is intricately tied to the health of the stock market and housing! What to do? BTW, thank you Elizabeth George of the KC Fed for your outspoken comments yesterday. The Fed needs to take steps to eliminate rogue comments. The market is too fragile!
    5 Jun 2013, 12:10 PM Reply Like
  • tom_t
    , contributor
    Comments (259) | Send Message
     
    It's Esther, not Elizabeth.

     

    Rogue comments? I disagree. The person who yells "the emperor has no clothes" should be applauded, not criticized, REGARDLESS of the effect on the markets. We've had more than enough BS from the Fed.
    5 Jun 2013, 12:31 PM Reply Like
  • Steve B. Wise
    , contributor
    Comments (122) | Send Message
     
    A picture says a thousand words today: Currency markets...
    http://bit.ly/13FIcdO
    5 Jun 2013, 12:58 PM Reply Like
  • marpy
    , contributor
    Comments (677) | Send Message
     
    The big problem is Obama and his administration. They have been highjacked by lefties and environmentalists who know how to speed money but nothing about making money and promoting the economy!!!!!
    5 Jun 2013, 01:20 PM Reply Like
  • FinalAnalysis
    , contributor
    Comments (198) | Send Message
     
    Simplistic, no help comment.
    5 Jun 2013, 01:47 PM Reply Like
  • optionsexpert
    , contributor
    Comments (277) | Send Message
     
    Keep your biased opinions to yourself please.
    5 Jun 2013, 02:21 PM Reply Like
  • tony1066
    , contributor
    Comments (67) | Send Message
     
    truth cannot be denied
    5 Jun 2013, 02:38 PM Reply Like
  • Kevin Wilde
    , contributor
    Comments (82) | Send Message
     
    Told you so - sell ahead of the June swoon (charts and discussion) http://bit.ly/WpVqYk
    5 Jun 2013, 02:21 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (1995) | Send Message
     
    Revert to Shogun Rule now, Japan.
    5 Jun 2013, 02:48 PM Reply Like
  • NYCTEXASBANKER
    , contributor
    Comments (1804) | Send Message
     
    TEUTONIC KNIGHT

     

    You ask for Shogun rule then when can we expect you the teutonic knight to commit seppuku (hari kari)
    5 Jun 2013, 05:02 PM Reply Like
  • Teutonic Knight
    , contributor
    Comments (1995) | Send Message
     
    Where is the wonder boy now; where is the professor?

     

    Why are you mum mum; why are you still hiding?

     

    Help me please!
    5 Jun 2013, 03:13 PM Reply Like
  • Flod
    , contributor
    Comments (60) | Send Message
     
    If we look at the Basic Tech.Analysis of TBT (Jul 12 - june 13 see Yahoo) the stock has a top at 68 US $.
    5 Jun 2013, 03:13 PM Reply Like
  • ipswichclams
    , contributor
    Comments (2) | Send Message
     
    its very simple....get a new president that knows something about business and can get along with others that don't share his plan....today's word is COMPROMISE......
    5 Jun 2013, 03:40 PM Reply Like
  • optionsexpert
    , contributor
    Comments (277) | Send Message
     
    I love how when we get a few down days all the lemmings come out to criticize everyone.
    5 Jun 2013, 03:54 PM Reply Like
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