Major selloff

A troubling way to kick off a new week of trading. A major sell-off on Wall Street today. What triggered it? Anxiety about the first batch of earnings from big corporate heavyweights that are coming out this week. A Goldman Sachs report saying stocks are too pricey. And to top it off, more comments from a top Federal Reserve official.

That was enough to give investors the jitters. The Dow posted its biggest one-day decline in more than three months. Those blue chip Dow stocks tumbled almost 180 points. That`s a drop of almost one percent. The NASDAQ fell even harder, losing 61 points, or 1 1/2 percent. And the S&P was down by 23.

Bob Pisani has more on today`s market action and trader talk about the New York Stock Exchange.

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