U.S. stocks slid further from a six-week high reached on Monday, with banks and industrial shares weighing as volatility in crude prices continued to prey on investors’ global growth concerns.
The Standard & Poor’s 500 Index’s snap-back from a 22-month low has eroded as the biggest contributors to a recent rally continued to retrace their advance.
Lenders paced the selling for a second day, with the KBW Bank Index on track for the worst back-to-back drop since August.
Bank of America Corp. and Citigroup Inc. fell more than 2.3 percent.
Equities cut declines by more than half after crude wiped out a selloff of more than 4 percent.