Market recap: Stocks skidded to negative territory amid comments that China's demand for iron...

|By:, SA News Editor
Market recap: Stocks skidded to negative territory amid comments that China's demand for iron ore is "flattening out," adding to worries over the country's economic outlook. Treasurys gave up early gains, as 10-year yields hit 2.399%. Oil prices settled below $106 after Saudi Arabia promised to meet any supply shortfalls. NYSE declining issues led advancers more than two to one.