Dow Jones retreats sixty-two points as Wall Street slides again

NEW YORK, New York - The euphoria on Wall Street of late last week was absent on Monday as all the major indices scooted into the red.

"In these kind of bear market rallies, it's more about things getting a little too oversold, a little too negative," Baird's Ross Mayfield told CNBC Monday. "But those aren't enough on their own to really sustain the rally, they just can provide relief in pockets."

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