The S&P 500 falls to a loss of more than 4%. Weakness is broad-based.
Within the S&P 500, only 25 stocks are in positive territory. By
percent gain, the best-performing component is Hudson City Bancorp
(HCBK 17.25, +1.18), +7.6%. The savings and loans firm reported
better-than-expected quarterly earnings.
By percent loss, the worst performing component is Jones Apparel Group
(JNY 10.04, -3.48), -25.7%. The retailer, which owns brands such as
Nine West, cut its full year earnings outlook well below the consensus
estimate.