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Oil and Gas push US stock markets lower

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - The losses in the energy shares on account of a fresh 6-1/2 year low in Brent prices pushed the major US equity indices lower.

    At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.50% or 90 points. The S&P 500 was 0.55% or 11 points weaker. The tech heavy Nasdaq was down 0.50% as well.

    The DJIA Oil and Gas index was down 2.8%. Shares in Chevron, Caterpillar and Exxon Mobil were down 2% each. The positive side included names like Wal-Mart stores, Procter&Gamble.

    The losses on the Wall Street have not had any impact on the European markets, which sit comfortably in the positive territory.
    For more information, read our latest forex news.

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