WALL STREET CORRECTION
The headline: S&P 500 Closes at 1407.22. Just Above Credit Crunch Low Of 1406.70 on August 15th
Guy Adami says 1400 is a critical number that investors should watch closely. If the S&P closes below that level the Dow will likely dive to 12,000, he says.
Karen Finerman thinks a letter released by Senator Chuck Schumer is the reason behind Monday’s market weakness.
> Read more about Schumer's letter
Pete Najarian feels uncertainty in the financials drove the market lower.