The bears trying to take control forcing stocks lower and the S&P 500 lower towards this morning’s level and forcing the NASDAQ to session’s lows. The Dow is fairing slightly better that yet has trade back toward session’s lows.
The energy sector continues to trade on weakness as well as crude oil. The Energy Select Sector SPDR Fund (XLE, quote) is down by 1.10%. Crude Oil is trading down $2.32 to $102.90. While the big integrated companies are weighing down the sector.
Exxon Mobil (XOM, quote) -0.35% to $85.90
Chevron (CVX, quote) -0.73% to $106.25,
Conoco Phillips (COP, quote) -1.15% to $53.96
The integrated oil companies should remain weak as long as crude remains under pressure.
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