July 29 (Bloomberg) -- U.S. stocks extended their decline after the Treasury sold five-year notes at a higher-than- forecast yield, increasing borrowing costs for the government as it pays for its economic rescue package.
The Standard & Poor’s 500 Index dropped 0.9 percent to 971.25 at 1:03 p.m. in New York.
I wouldn't be surprised if stocks rebound. This isn't that much of a reaction.
