Markets Right Now: Stocks tumble as energy companies fall

Stocks tumble as energy companies fall

NEW YORK (AP) — The latest on developments in global financial markets (all times local):

U.S. stocks are skidding as energy companies follow the retreat of oil prices from their recent highs, and banks are falling again as bond yields continue to plunge.

The only sector unscathed at midday is telecommunications, which are making big gains.

Energy companies are falling with oil prices.