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- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
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What's Behind This Reversal?
Published:
Monday, 26 Oct 2009 | 12:00 PM ET
Text Size 
By: Bob Pisani
CNBC Reporter
CNBC Reporter
Stocks have reversed and given up earlier gains as the bond market has drooped, yields have moved higher, which has resulted in a surge in the dollar.
Commodities and commodity stocks have led to move down.
Many financials have also moved down, with stocks like Bank of America [BAC
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()
] down 5 percent, while Fifth Third [FITB
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] and SunTrust [STI
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()
] remain weak on a downgrade from Rochdale's Richard Bove.
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POPULAR TRADER TALK POSTS
- Stocks Lurking Near New Highs Again
- Risk Trade Is Back On
- This Week's Biggest Story: The Dollar
- Corporate Issuance Continues at Torrid Pace
- The Bernanke Dollar Bounce & Gross Says Forget About Rate Hike
- Colgate Really Sparkles After Hours
- Light Volume Has Traders Complaining
- Gold Shatters Another Record
- Have Retailers Reached Their Limits?
- The Retail Mind Game
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