(CNBC) U.S. stocks fell sharply on Wednesday, continuing losses into a fourth day, as a thrashing of commodities and disappointing retail sales increased worry that the global economy is slowing.
“Although consumers are saving at the pump, it doesn’t look like they are spending it at the stores; retail sales are an unmitigated disaster,” Art Hogan, chief market strategist at Wunderlich Securities, said.
The CBOE Volatility Index, a gauge of investor uncertainty, jumped 8.8 percent to 22.37; the 10-yield Treasury yield fell 7 basis points to 1.83273 percent.
