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US stocks struggle as oil drops, utilities suffer

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - The major US equity indices trade mixed in the early session as the utility stocks fell, while oil and gas witnessed minor gains despite fall in oil prices.

    At the time of writing, the Dow Jones Industrial Average (DJIA) was trading flat around 17,49 levels. The S&P 500 was struggling to stay positive, while the tech-heavy Nasdaq index was just one point.

    The DJIA Oil and Gas index was up 0.20%, while the Utilities index was down almost 1%. The Basic Materials index was down 0.50%.

    Among the DJIA stocks, Caterpillar was the top gainer; up 1%. Chevron and Exxon Mobile were up 0.9% and 0.6% respectively. Meanwhile, DuPont was down 1% following a sharp rally in the previous session. United Technologies, Nike, Walt Disney shares were down 0.4% each.
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