Stocks Deliver Weak Finish; Market Still Seeks Bottom
Posted on November 13, 2012 at 19:11 PM EST
Stocks closed poorly Tuesday, ending in the red and near their session lows. The Nasdaq lost 0.7%, while the S&P 500 and NYSE composite both shed 0.4%. Volume increased from Monday, when the Veterans Day holiday slowed trading. Each index touched a fresh low for the current correction, in a sign that the market has yet to stabilize or establish a bottom. IBD's outlook downshifted to "market in correction" after the Oct. 10 session, five weeks ago,