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Energy shares drag US stocks lower

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Losses in oil and resulting weakness in the energy shares pushed major US equity indices in the red.

    At the time of writing, Dow Jones Industrial Average (DJIA) was down 0.34% or 17,170 levels. S&P 500 index and Nasdaq index were down 0.6% and 0.5% respectively.

    The DJIA Oil and Gas index traded 1.5% lower. Apart from Utilities index, which was up almost 0.50%, all other sectors were trading in the red.

    Shares in Caterpillar were down 1.9%. Freeport-McMoran and Chesapeake Energy were down 7.5% and 6.8% respectively. Meanwhile, winning side included names like Apple, Home Depot, Nike, Wal-Mart Stores.
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