Investor’s Business Daily – 1 The S&P 500 sank 1.3%, the Nasdaq 1% and the Dow 0.9%, with selling picking up in the afternoon. Nasdaq and NYSE trade fell modestly. Financials sold off hard on Wells Fargo’s comments and talk that Fannie Mae hid credit losses. Retailer warnings and rising jobless claims didn’t help. The 10-year Treasury yield fell 10 ticks to 4.17%, a 2-year low.