The Dow and Nasdaq take out fresh session lows, while the S&P 500
is drifting toward its worst level. The energy sector (+0.6%) stands
alone in positive territory as crude extends its gain (+0.7% to
$128.30).
As stocks decline, Treasuries are seeing some buying interest with the 10-year note up 17 ticks, sending its yield below 4%.
Meanwhile the VIX, a measure of volatility, extends its gain to 11.5%.
The current level of the VIX indicates the S&P 500 will move up or
down by 5.7% in the next 30 days.