US stocks follow world markets and oil lower

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 2, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - The stock markets in the US are painted in red as investors took cues from the oil-driven risk aversion in the European equity markets.

    At the time of writing, the Dow Jones Industrial Average (DJIA) traded 264 points or 1.6% lower on the day. The S&P 500 and the Nasdaq were down atleast 1.2% each. The DJIA Oil and Gas index was down 3.3%. All major sectors were trading in the red.

    Shares in Chevron and Exxon Mobil were down 3% each. Goldman Sachs was down 3.6%.

    The European stocks extended losses following a weak opening on the Wall Street. The Euro Stoxx 50 index now trades 2.7% lower on the day.
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