Market recap: Fed-induced anxiety rattled across markets, with stocks plunging to their biggest...
Market recap: Fed-induced anxiety rattled across markets, with stocks plunging to their biggest selloff this year, gold sliding below $1,300 for the first time since Sept. 2010 and Treasury yields marching to two-year highs. A weak reading on China manufacturing, which helped slam crude oil and other commodities, and reports that the IMF could halt payments to Greece added to worries. All 10 S&P sectors fell more than 1%, and every Dow stock traded red. Homebuilders were hit hard by concerns that rising bond yields would mean higher financing rates for buyers.
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