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Financial Markets
More selling likely with U.S. stock indexes below key levels

(Reuters) - Wall Street has been hit with a wave of selling in recent days, with the S&P 500 registering its worst three-day slide since 2011, but despite a burst of buying on Tuesday, investors expect that more selling is in order before the market correction ends. On Monday, the benchmark S&P 500 closed below its 200-day moving average, an important measure of the longer-term trend in the equity market, for the first time since Nov. 16, 2012. Equities started to rebound on Tuesday, but buying dried up in late trading, leaving stocks with a gain of just 0.16 percent. Strategists at Bank of America-Merrill Lynch said the weakness is likely "corrective and temporary," but...

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