Midday Losses Grow; FDA News Hit GNC, Vitamin Shoppe
Stocks further weakened near midday Monday. All three of the major averages have essentially wiped out Friday's gains. The Nasdaq and S&P 500 dropped 0.7% and 0.5%, respectively. Meanwhile, the Dow Jones industrial average gave up 0.3%. Losers beat winners by roughly 2-to-1 on both exchanges. But volume was tracking sharply lower on the NYSE and Nasdaq. Nutritional supplements retailers GNC Holdings (GNC) and Vitamin Shoppe (VSI) slumped 5% and
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