Wall Street braces for a third day of losses

Stocks are set for their third straight day of losses Wednesday following Tuesday's 2% plunge across the board. The financial sector is in focus with Wall Streeters worried banks and insurers stocks may be overvalued. Meanwhile, as overseas markets continued to be weak, more economic indicators due out this morning, including jobs data, could clear up the economic picture somewhat.

More here: Before the bell: Stocks headed for a third day of losses