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Stocks tumbled deep into negative territory

|Includes: DWDP, Texas Instruments Inc. (TXN)

Stocks fell Tuesday in response to downgrades of Greece and Portugal. Better-than-expected earnings and guidance from Texas Instruments (NYSE:TXN), 3M (NYSE:MMM), and DuPont (DD) were generally disregarded by the broader market. Consumer confidence climbed in April. Financials, energy and technology, the three biggest movers of the market in terms of sectors, all fell. Big losses drag down tech stocks. Market breadth was negative.
FEAR METER: The wave of selling sent S&P500 implied volatility sharply higher.
 

Disclosure: SMH put spread