"There has been too much at the same time for investors to hang in there and you're starting to see some element of panic finally showing up," said Andrew Goldberg, U.S. market strategist at JP Morgan Funds.
Dow edges higher, breaking an 8-day losing streak →
Many traders are holding back because they expect news later this week on Europe's progress in resolving its debt crisis, said Andrew Goldberg, global market strategist with J.P. Morgan Funds.
Materials, energy stocks lead markets lower as commodities dip →
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