Stocks are climbing out of the red, but the tone remains mixed.
Energy, materials, and utilities all trade with gains ranging from 2%
to more than 3%, but health care and financials trade with losses
ranging from 1% to nearly 3%.
Crude oil prices have taken a downward turn. After being up 3.4% in
the early going, oil is now down 1% to trade below $49 per barrel.
Crude was actually trading just above $48 per barrel recently, which
marked a new record intraday low.