Market recap: Stocks stepped back from Fed-fueled highs of recent days, as oil and other...

|By:, SA News Editor
Market recap: Stocks stepped back from Fed-fueled highs of recent days, as oil and other commodities plunged on unfounded rumors of a release of the strategic petroleum reserve. The late selloff in crude oil whacked the energy sector, and concerns about steel demand hurt materials shares. A weak NY manufacturing report added to negative sentiment. NYSE decliners outnumbered advancers three to two.