Wall Street in red, Oil & Gas index drops 4%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 20, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Mumbai) - Wall Street is back in red today as the drop oil prices pushed the energy stocks sharply lower.

    At the time of writing, the Dow Jones Industrial Average (DJIA) was down 325 points or 2%. The S&P 500 futures were down 40 points or 2%. The Nasdaq index was down 2% as well. Meanwhile, the VIX index, which measures the level of uncertainty and volatility, was up almost 10%.

    The DJIA Oil and Gas index fell 4.5%. All sectors traded in the red. Shares in Chevron dropped 5%. Other major losers were IBM, Caterpillar, Cesco and Dupont. All 30 Dow Jones stocks traded in losses.
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