U.S. stocks declined for the third straight session. All ten S&P 500 industry sectors were down today.
The S&P 500 closed 11.52 points, or 0.6%, lower at 1,982.77. The Dow Jones Industrial Average was down 116.68 points, or 0.7%, to 17,056.00. The Nasdaq Composite dropped 19 points, or 0.4%, to 4,508.69.
Small caps really got hammered, the Nasdaq Composite lost 1.1%, while the Russell 2000 dropped 1.5%. This comes as know surprise to EPJ Daily Alert readers, the narrowing of the capital structure, when money supply slows, always starts at the edges.
-RW
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