Enter multiple symbols separated by commas

Low Volume, Lots of Damage

After the close, UPS cut its guidance, speaking as FedEx did recently about the increase in the price of fuel, and how it is slowing the broader economy.

It was a low volatility, low volume day, but regardless: there was a lot of damage done. Two stocks declined for every one that advanced. The number of stocks at new lows at the NYSE was the highest since the March bottom.

Financials have been sold almost every day this month, and again today; as a group, they were down about 3 percent, with new lows in AIG , Bank of America , Citi , and Merrill Lynch .

Retail and housing stocks were also weak, with companies like Home Depot down nearly 5 percent.

The only group on the upside were energy stocks, where we hit new highs in many oil service names, as well as coal companies like Massey .

Predictably, airline stocks dropped double digits on the rise in oil.

Questions? Comments? tradertalk@cnbc.com

  • Bob Pisani

    A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

Wall Street

  • Robert Shiller

    Nobel Prize-winning economist Robert Shiller says that his key valuation indicator is flashing warning signs.

  • Lael Brainard

    The Fed is in the early stages of an analysis on changes in bond market liquidity, amid signs that liquidity may be less resilient than in past.

  • Bill Gross

    Janus Capital acquired a majority interest in Kapstream Capital and said Kapstream's Palghat will support Bill Gross as co-portfolio manager of the Janus Global Unconstrained Bond strategy.