Market recap: Stocks extended yesterday's losses, with the S&P slicing through its 50-day...

|By:, SA News Editor
Market recap: Stocks extended yesterday's losses, with the S&P slicing through its 50-day moving average, adding to concerns that the week’s choppy action is the start of a real pullback. Tech and healthcare led the drop following lackluster earnings (I, II, III) and economic (I, II, III) reports. Gold inched higher but remained shy of $1400, crude oil rose 1.2%, and nat gas jumped 4% on a smaller than expected rise in U.S. supplies.