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Stocks recently registered fresh session lows that translate to losses of almost 4% for both the Nasdaq and S&P 500. The Dow is down little more than 3%.
Consumer staples giant Procter & Gamble (PG 60.92, +0.33) is the only name in the 30-member Dow that has managed to put together any kind of a gain. The stock has been helped by some positive analyst commentary following its quarterly report late last week. Meanwhile, fellow blue chip Bank of America (BAC 7.32, -0.84) has dropped 10% amid news that some investment funds have liquidated their position in the diversified financial services giant.
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