Stocks came back in the last few minutes of the session to end just slightly lower after a tepid government bond auction, a disappointing jobs report and concerns with the foreclosure practices at major banks.
The Dow Jones Industrial Average fell 1.51 points, or 0.01 percent, to close at 11,094.57 after falling more than 70 earlier, a day after the market rallied to new five-month highs.
Bank of America [BAC 12.60 -0.69 (-5.19%) ], JPMorgan [JPM 38.72 -1.12 (-2.81%) ], and Alcoa [AA 13.13 -0.24 (-1.8%) ] were the top laggards on the blue-chip index, while McDonald's [MCD 77.04 1.29 (+1.7%) ] and Kraft [KFT 31.80 0.31 (+0.98%) ] rose.
The S&P 500 Index fell 4.29 points, or 0.4 percent, to close at 1,173.81 and the Nasdaq fell 5.85 points, or 0.2 percent, to close at 2,435.38.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose to above 19. The VIX had traded below 20 all week, the lowest level for the key index since April.
Of the key S&P 500 Index sectors, financials, materials and industrials fell, while telecom and technology sectors rose.
Meanwhile, Treasurys hit session lows after the government auctioned $13 billion of 30-year bonds, which had a yield of 3.852 percent and a bid-to-cover ratio of 2.49.
The dollar fell to a 2010 low against a basket of currencies, but analysts saw increasing chances of a dollar rebound with negative sentiment so high. Gold rallied to fresh record highs above $1,380 an ounce, before settling at $1,376.70. Other global commodities and commodity-related stocks continue to rise.
Financials were mostly lower across the board after a closely-watched index from RealtyTrac showed foreclosure activity in September rose on both a monthly and annual basis for the first time in four months. The data comes after attorneys general in all 50 states agreed to join forces to investigate whether banks and other lenders have used false signatures and documents to justify foreclosures...
The Dow Jones Industrial Average fell 1.51 points, or 0.01 percent, to close at 11,094.57 after falling more than 70 earlier, a day after the market rallied to new five-month highs.
Bank of America [BAC 12.60 -0.69 (-5.19%) ], JPMorgan [JPM 38.72 -1.12 (-2.81%) ], and Alcoa [AA 13.13 -0.24 (-1.8%) ] were the top laggards on the blue-chip index, while McDonald's [MCD 77.04 1.29 (+1.7%) ] and Kraft [KFT 31.80 0.31 (+0.98%) ] rose.
The S&P 500 Index fell 4.29 points, or 0.4 percent, to close at 1,173.81 and the Nasdaq fell 5.85 points, or 0.2 percent, to close at 2,435.38.
The CBOE Volatility Index, widely considered the best gauge of fear in the market, rose to above 19. The VIX had traded below 20 all week, the lowest level for the key index since April.
Of the key S&P 500 Index sectors, financials, materials and industrials fell, while telecom and technology sectors rose.
Meanwhile, Treasurys hit session lows after the government auctioned $13 billion of 30-year bonds, which had a yield of 3.852 percent and a bid-to-cover ratio of 2.49.
The dollar fell to a 2010 low against a basket of currencies, but analysts saw increasing chances of a dollar rebound with negative sentiment so high. Gold rallied to fresh record highs above $1,380 an ounce, before settling at $1,376.70. Other global commodities and commodity-related stocks continue to rise.
Financials were mostly lower across the board after a closely-watched index from RealtyTrac showed foreclosure activity in September rose on both a monthly and annual basis for the first time in four months. The data comes after attorneys general in all 50 states agreed to join forces to investigate whether banks and other lenders have used false signatures and documents to justify foreclosures...
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