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Market recap: Stocks were caught in the downdraft of a broad commodities selloff and dollar rally sparked by dovish comments from ECB's Trichet and a jump in U.S. jobless claims. Losses in oil and silver extended to extreme levels, with the dramatic drop in these leveraged markets forcing selling in more liquid markets, such as equities, to cover losses. NYSE decliners led advancers three to two.

Market recap: Stocks were caught in the downdraft of a broad commodities selloff and dollar rally sparked by dovish comments from ECB's Trichet and a jump in U.S. jobless claims. Losses in oil and silver extended to extreme levels, with the dramatic drop in these leveraged markets forcing selling in more liquid markets, such as equities, to cover losses. NYSE decliners led advancers three to two. Post your comment!
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