Roller Coaster Indexes, Manufacturing Numbers Surprise, Yahoo Drops

Yahoo (YHOO | Quote | Chart | News | PowerRating) fell to its lowest levels since January closing down 2.37% or $0.49 to $20.17/share on a declining overall tech sector.

Alcoa (AA | Quote | Chart | News | PowerRating) weighed on the DJIA declining 3.34% or $1.19 to $34.43/share as Credit Suisse lowered its profit estimates for the aluminum company.

CIT Group (CIT | Quote | Chart | News | PowerRating) surged 29.37% or $2.00 to $8.81/share after agreeing to sell off its home loan and manufactured home business, vowing to leave the consumer loan business forever.

General Motors (GM | Quote | Chart | News | PowerRating) added 2.17% or $0.25 to $11.75/share after surprising analysts with a less than expected drop in sales

Gold climbed $16.20 to 944.50/oz, Oil added $1.39 to $141.39/barrel and the VIX closed down 1.25% after being up over 5% today.