Stocks give back some of yesterday's massive gains

Stocks gave up some of yesterday's massive gains, falling sharply in afternoon trading after coming close to breaking even. Bank stocks were particularly hard hit as 27 of the Dow Jones Industrial Average's 30 stocks fell.

Confusing housing data caused another brief hope because of an uptick in prices from December to January, but that was following a downward revision. The Geithner-Bernanke testimony to Congress today did very little for the markets, as the Dow fell 115 points, or 1.5 percent, to close at 7,660.