Market Wrap for October 23: Stocks Fall Back as Caterpillar and Cree Forecasts Dismay Traders
October 23, 2013 at 17:47 PM EDT
Tensions look to be building in the stock market right now over where new gains will come from in a market that's had a very big year. Traders could see it Wednesday in momentum stocks like Tesla (NASDAQ: TSLA ), which dropped 4.1% to $164.50, and Yelp (NASDAQ: YELP ),