The stock market is trading with a modest loss as a steep decline in
energy stocks (-3.7%) act as the main drag. The financial sector
(-0.4%) makes it back to the unchanged mark and then runs into some
modest resistance.
Crude oil (-3.2% at $121.12) continues to trade with a steep loss.
Commodities as a whole are under selling pressure, as all 19 components
within the CRB Index (-3.1%) are posting a loss. The session's worst
performing commodities include cocoa (-7.6%), natural gas (-6.7%), soy
beans (-5.1%) and corn (-5.0%).