
Stocks ended sharply lower, as investors continued to scrutinize the eurozone debt deal and a surge in the U.S. dollar hit commodities and other risky assets. Also, Chicago manufacturing index expanded in October, but at a slower pace than expected. Trading was halted in shares of MF Global Holdings, with the futures brokerage filing for Chapter 11 bankruptcy protection. Tech stocks also slid in to the red with the broad market. SanDisk fell 5% after the rating cut from buy to neutral at Stern Agee. Yahoo was hit after Bloomberg reported the co. would likely sell assets in Asia rather than pursue a sale of the company. Implied volatility jumped above the 25 level on modest trading volumes.
NEAREST RESISTANCE LEVELS: 58.2, 58.5,
59.1,
59.3NEAREST SUPPORT LEVELS:
58.9,
58.55, 57.1, 56.6, 55.8,
53.0, 50.0