2013-04-15 — financialsense.com
The S&P 500 suffered its worst decline since November of last year with a decline of 2.30%. The Dow was off by 1.79%. All sectors suffered losses today but the selling was magnified in the commodities-linked stocks. Just 7 stocks in the S&P 500 closed higher today. Selling intensified in the final hour of trading after news of the bombing in Boston broke.
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Weaker than expected housing related numbers provided a catalyst for selling in the homebuilding space today. Some homebuilders said that margins were lower than expected due to increasing costs for building products.
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