The major indices fall to session lows, although the S&P 500's loss
is modest. The Dow is posting a larger decline of more than a half
percent as Boeing (BA 82.10, -3.04) and Hewlett-Packard (HPQ 45.42,
-1.04) come under selling pressure.
Crude prices have bounced from the unchanged mark to a gain of 1.4% at
$130.80 per barrel due to the unexpected drop in crude inventories.
This marks a fresh all-time intraday high. Crude oil prices are up
15.2% in May, the largest monthly gain since October 2007.