WTI crude settles down 1%
The S&P 500 remains near session lows with a 4.6% decline. The Russell 2000 is down 6.8%. One last look at the S&P 500 sector standings shows utilities (-7.7%), real estate (-7.4%), and financials (-6.1%) leading the retreat, while the consumer staples sector (-1.9%) is the lone sector down less than 3%. WTI crude settled the session down $0.20 (-1.0%) to $20.32/bbl. It's a volatile market, though, with futures currently up 1.5% to $20.78/bbl.