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Failure to extend an early rebound encouraged sellers to redouble their efforts, but support continues to limit broad market losses. The action has left the stock market only modestly lower for the session.
Energy stocks have been hit with some stiff selling, however. The sector surged more than 2% in the prior session, but participants appear to be taking profits as they send the sector to a 1.2% loss in the face of higher oil prices, which were last quoted with a 0.6% gain at $85.35 per barrel.
Materials stocks were also strong yesterday, when they advanced to a 1.0% gain. They are down 0.7% today.
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