U.S. indices were perpetuating their premarket declines midday Tuesday, as the market appears ready to break a five-day winning streak.
Even oil prices are failing to cooperate today. Industry standard Brent crude reversed its earlier gains, falling $0.93 to $39.91 per barrel, back below the $40 threshold. West Texas crude is also declining, $1.12 to $36.78 per barrel.
Oil stocks are suffering along with crude prices today, led by Chesapeake Energy's (CHK) 15% drop. Marathon Oil (MRO) is also falling 6.7% on heavy volume.
Other commodity stocks were also being hit by falling prices Tuesday, with Freeport-McMoRan (FCX) declining 10% in conjunction with declining iron ore prices.
Perpetual heavy-volume mover Bank of America (BAC) -- an Action Alerts PLUS holding -- is also helping lead the market lower, falling 3% on heavy volume.
Shake Shack (SHAK) was also lower in trading Tuesday after the fast food company issued full-year guidance below analyst expectations.
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Urban Outfitters (URBN) is doing its part to prop up the market, advancing 17% after the apparel company topped analysts' quarterly top- and bottom-line expectations.
Finally, shares of Pfizer (PFE) are also continuing a march lower and in conjunction with a downgrade by TheStreet Ratings service.