Market recap: The rating agencies weighed in on last week's EU deal and didn't see much (I, II),...

|By:, SA News Editor
Market recap: The rating agencies weighed in on last week's EU deal and didn't see much (I, II), as Europe's ongoing debt debacle and an unexpected guidance cut by Intel sparked a selloff in stocks before bouncing off the Dow's 200-day MA. Losses were heaviest in energy, banks and basic materials. Crude oil futures tumbled, and Treasurys rose. NYSE losers led winners three to one.