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.
Shares of Action Alerts PLUS holding Apple (AAPL) continued their decline today as multiple negative headwinds take their toll on the tech company.
Finally, shares of Pfizer (PFE) are also continuing a march lower and in conjunction with a downgrade by TheStreet Ratings service.
