More Declining Commodities

The market has opened under some selling pressure this morning, as commodity prices continue to decline. Some think this is forecasting a weaker than expected economy, but the flip side of that argument is just that all of the money that has flowed into commodities is now coming out in search of a new home.

Oil has dropped below the key $60 psychological level. Gold is down another $16. Bond yields are down a touch to 4.61%.

In other news and notes:

• Did you watch The Bachelor last night? Tell the truth.
• MRVL drops after lowering revenue guidance
• PBG lowers EPS guidance
• KSS beats sales estimates; raises guidance
• DGX drops after losing lucrative UNH contract
• SWKS raises guidance
• HLX lowers guidance; says problems are short-term

long UNH