Dow Erases 2014 Gain Amid Global Selloff as Exxon Tumbles

``U.S. stocks joined a global selloff, erasing the year's gains in the Dow Jones Industrial Average, as Exxon Mobil Corp. to Micron Technology Inc. tumbled amid weaker corporate results... The Fed is stepping out of the way and the market's valuation is high enough that people are quick to take profit," Wayne Wilbanks, who oversees $2.5 billion as chief investment officer at Wilbanks, Smith & Thomas Asset Management LLC in Norfolk, Virginia, said in a phone interview. ''