US equity indexes are moderately lower, with the sp -5pts @ 2066. A latter day rally seems probable though. Oil is seeing renewed sig' weakness, -2.0% in the $42s.
re: Oil. A loss of the $40 threshold later this week/early Nov' would certainly help drag down
energy stocks.. and the broader market.
Unquestionably.. the issue of over supply has not been remotely addressed, and sustained action in the $30s now looks likely into year end.
coal miners, CNX -11% in the $7s
CHK -4%, as Nat' gas prices look headed for $1.50.. or even the ultimate $1.00
early strength... AAPL, DIS, BABA, TWTR
.. indeed, AAPL earnings at the close will be rather interesting.