Stocks have benefited from a recent flurry of buying interest. The bid has taken the Dow and S&P 500 up from session lows so that their losses are now only modest. Meanwhile, the Nasdaq is at session high with a solid gain.
Commodities remain under steady pressure, though. In fact, the CRB Commodity Index is down 3.7% to its lowest level in about seven weeks. Oil has been a considerably heavy drag on the CRB, given its 5.8% drop to $102.85 per barrel. Oil prices were just above $101 per barrel at session lows.