Indices closed considerably lower on Thursday. Industrials, financials and technology brands led decliners. The Dow and S&P 500 entered correction territory as concerns of rising interest rates and volatility impacted markets. In earnings news, companies such as Twenty-First Century Fox, T-Mobile US, and CVS Health Corp. issued quarterly details that exceeded expectations. All three brands were down for the session. On another note, crude oil slipped to a yearly low on a report showing record-level output from U.S. fields. West Texas Intermediate crude dipped 2.2% today to settle at $60.41 a barrel.