The US equities are broadly lower, tracking a 3% loss in oil prices and the weakness in the European and Asian equities. At the time of writing, the Dow Jones Industrial Average (DJIA) was down 0.4% or 65 points. The S&P 500 index was down 0.30% or 5 points. The tech index Nasdaq was trading up 0.20%. Energy stocks dragged the Dow index lower. Chevron and Exxon Mobil were down at least 1% each. Shares in Caterpillar were down 1.4%. Meanwhile, the winning side included names like American Express, Nike, Apple, Home Depot and Walt Disney. Oil prices at both the sides of the Atlantic fell more than 3% after the record high US inventories shifted focus back on concerns of excess supply. Meanwhile, talks between OPEC and non-OPEC producers were seem to be heading nowhere. Stocks had risen sharply earlier this week due to oil price rally and hopes of more monetary stimulus in Japan and Eurozone. For more information, read our latest forex news.