MW : U.S. stock market corrects on view climb overdone
This was a 'too far, too fast' call, not a change in the longer-term outlook," said Marc Pado, U.S. market strategist at Miller Tabak, of the stock market's recent moves, which on Monday had the Dow Jones Industrial Average (INDU 9,181, +45.95, +0.50%) capping its biggest two-day point and percent drop since mid June.
The blue-chip gauge has now advanced roughly 40% from its March 9 low, leaving it up about 4% so far for the year.
An hour after the opening bell, financial and information technology shares fronted the gains as the major stock indexes pulled mildly higher in the wake of the prior session's large decline.
