Oil prices settle lower; market pulls back from afternoon highs
The major indices are pulling back from their afternoon highs, following the lead of mega cap stocks.The Vanguard Mega Cap Growth ETF (MGK) was trading flat a short time ago, but sports a 0.4% decline now. The market-cap weighted S&P 500 is also down 0.4% while the Invesco S&P 500 Equal Weight ETF (RSP) shows a 0.2% decline. WTI crude oil futures ultimately settled slightly lower than yesterday, down 0.04% to $90.49/bbl. The S&P 500 energy sector (-1.2%) remains buried in last place among the 11 sectors.