[BRIEFING.COM] The S&P 500 (-0.7%), Nasdaq Composite (-1.7%), and DJIA (-0.6%) are charting session lows as the market enters the final hour of the session.
Mega-cap and tech stocks continue to face pronounced pressure, while the broader market's rotational strength has faded a bit.
The move to session lows coincides with oil reclaiming much of its earlier losses, with WTI crude now down just $0.51 (-0.5%) to $102.27 per barrel after dipping below $100 per barrel this morning. CBS News reports that Iran's Navy claims that four tankers hit mines in the Strait of Hormuz.