The stock market falls to a session low, although its loss is modest.
Financials (-2.0%) extend their losses. Regional banks are under
selling pressure, with a dip of 4.8%. SunTrust Banks (STI 40.93, -3.62)
and Regions Financial (RF 12.87, -0.88) were reinitiated with an
Underperform at Friedman Billing.
Crude (-0.2% at $134.40) briefly touched positive territory after
trading down nearly 2.0% in earlier trade. Crude traded in an
extremely choppy manner yesterday, hitting a record high near $140 and
then falling as much as $7.