Stocks are attempting to stabilize after suffering a precipitous drop at the open. Losses remain deep and broad, though. In fact, 95% of the issues in the S&P 500 are in the red.
Amid the bloodshed, airline stocks have actually put together a 0.1% gain, as measured by the Amex Airline Index. The bid for airline shares comes as oil prices push down to $102 per barrel, which makes for a 2.3% loss.