Traders also cited the possibility of a rate cut as positive for the sector.
Traders cited some early program trading for the drop in the average, which had fallen more than 25 points by late morning.
Traders and analysts cited a number of reasons for the poor auction.
Traders cited some early program trading in accounting for the drop.
Traders cited good news on inflation and the smooth auction of 10-year notes.
Traders also cited a variety of colorful rumors and speculation about war.
Traders cited renewed concerns about a possible war in the Middle East.
Some traders cited Friday's experience as a sign that circuit breakers may cause trouble.
Traders and analysts cited a variety of reasons for the selloff.
Traders cited a number of positive factors, including the belief by many investors that a balanced budget agreement can be reached.