Any hopes of a recovery or relief rally in the market will have to wait as stocks plunged again after yesterday's push upward. Investors are once again submerged in uncertainty.
Stocks fell as much as 6 percent at one point today as bearish investors continue to pile on the weakened stock market. Financials, energy and industrials led decliners.
Stocks fell steeply today as key economic numbers and the European financial crisis continues to scare off investors. Gold continues its advance to new highs, while oil drops.
Energy stocks were up but mostly stagnant today as dueling economic elements and general market haziness had investors playing it safe. Smaller energy companies appeared to have the most luck, as lower risk looked more appealing.
Federal Reserve Chairman Ben Bernanke's announcement in Jackson Hole today prompted optimism and increased commodities activity. While ambiguous, Bernanke's promise to consider further government support, invigorated oil, gold, wheat, corn and soybeans
The broader energy sector sunk today as debt concern and a rising dollar pushed shares of major oil companies lower. At $87 a barrel some analysts are worrying major companies will engage in fewer projects in the upcoming months.
Worries over the payroll reversed gains from yesterday's positive manufacturing reports within the energy sector. Natural gas got a boost on several Wells Fargo upgrades.