STOCKS SLIDE AS OIL DROP MORE THAN 1%; MATERIALS DOWN 2 %
"Crude came off; gold came off; Treasurys came off. I think those reversals in the macro markets certainly spooked investors a little bit," said Jeremy Klein, chief market strategist at FBN Securities. "It's fairly thin out there. You've got a three-day weekend. The bond guys are off, but we're not."U.S. crude extended losses around late-morning ET, last trading 1.3 percent lower at $49.79 per barrel. Gold futures traded around the flatline in midday ET.