The major indices continue to chop along. Gains remain impressive, but
the Dow, Nasdaq, and S&P 500 are off their session highs. Each
index traded more than 3% higher in the early going.
Crude prices continue to trade lower. Crude futures are now down 3.7%
to $65 per barrel. Their prices are down more than 30% year-to-date.
Despite the downturn in oil prices, energy stocks are trading up 1.7%,
which is slightly ahead of the broader market. Oil and gas refiners
(+6.5%) are among the energy sector's best performers.