Investors cash in on gains from the manipulated big rally
Wall Street trims its rally as personal incomes decline
Technology stocks led the decline as did energy shares, which fell along with the price of oil.
A dip in personal incomes and a slowdown in personal spending gave investors little reason to extend the market's recent rally, which has sent the Dow Jones industrial average surging 21 percent over just 13 days.
Major market indicators fell about 1 percent at midday, but that was little cause for worry among analysts given the powerful climb the market has seen this month.
Though the market's recent advance technically puts it in bull market territory -- usually defined as a 20 percent rise from a low -- investors are mindful that rallies within bear markets can last for some time, only to quickly come crashing down.
Many investors are well aware that the economy and
|Liveleak on Facebook|