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Energy, transports sink stocks as oil tumbles

Stocks were see-sawing in the last three sessions but are now firmly in the red. In fact, we haven't seen back-to-back winning days for the S&P 500 for a month. Investors are asking themselves, "Will the volatility swings continue?"

In focus were crude oil prices. Oil's steep decline hit the energy sector, as well the broader market as it tumbled nearly 6%.

Winners & losers

Now let's take a look at some of the winners and losers from today's session. Among the stocks hitting the downside were Netflix (NFLX), ExxonMobil (XOM), and Staples (SPLS), with the office supply store getting slammed as the FTC will file suit to block a Staples-Office Depot (ODP) merger.

Stocks making gains today were Pep Boys (PBY), Vail Resorts (MTN), and Keurig Green Mountain (GMCR). The maker of K-cups and other personal beverages is on fire after private-equity firm JAB holdings announced it was buying the firm for nearly $14 billion. For coffee drinkers on the West Coast, JAB also owns the chain Peet's Coffee and Stumptown Roasters.

Impact of low oil prices

And, as we touched on earlier, the other big story today is oil's absolute capitulation. We've seen the biggest names in the sector getting hit today, and there's growing concern that the pain is only just beginning, especially for smaller drillers and producers. Yahoo Finance’s Justine Underhill drilled down for some answers.

NXP completes $12 billion merger with Freescale

They power everything from your mobile phone and TVs to your wearable devices. NXP Semiconductors has been a force behind the Internet of things with its chipsets, but now it's making a big bet on the connected car. The company recenly purchased Freescale Semiconductor for nearly $12 billion. Yahoo Finance's Nicole Sinclair talked to CEO Rick Clemmer just as the deal closed.

Looking Ahead

And now a look ahead at what will be making headlines tomorrow.

  • Members of the Financial Stability Oversight Council, including SEC Chair Mary Jo White and CFPB director Richard Cordray testify before the House Financial Services Committee.
  • Yahoo Finance tech reporter Aaron Pressman reveals the high-tech news behind Kohl's latest plans for getting customers back in stores.