1.   Concern that interest rates may not fall as fast as expected also hurt stocks.

2.   Concern about whether the Clinton administration and Republican lawmakers will be able to quickly reach an agreement to balance the budget initially hurt stocks.

3.   Higher rates, needed to contain inflation, hurt stocks by making borrowing costs more expensive for companies.

4.   Mounting pessimism that the central bank will cut interest rates in January also hurt stocks, Tagle said.

5.   Rising bond yields hurt stocks, as investors speculated that economic reports in coming days will show inflation is accelerating.

6.   Rising yields hurt stocks because they drive up the cost of business expansion.

7.   Speculation that Enersis Chief Executive Jose Yuraszeck may be forced to resign over criticism of the Endesa agreement hurt stocks.

8.   Speculation that Enersis Chief Executive Jose Yuraszeck may be forced to resign over criticism of the Endesa agreement hurt stocks today.

9.   That hurt Michigan stocks, which are interest-rate sensitive and include many durable goods makers, said Comerica Bank economist William Wilson.

10.   Weak metal prices for gold, zinc, copper and tin are also hurt Peru stocks.