Market recap: Stocks sank in late trading, as weak financial stocks more than offset a rise in...

|By:, SA News Editor
Market recap: Stocks sank in late trading, as weak financial stocks more than offset a rise in oil prices and energy stocks. Increasing speculation that the Fed will begin quantitative easing pressured banks and sent the dollar lower, which in turn boosted prices of gold - which closed at a record $1,310/ounce - and commodities. On the NYSE, advancers led decliners seven to six.