Energy, banking shares drag Wall Street lower

Economies.com
2017-01-09 15:25PM UTC

U.S. stock indices opened the week lower, as energy and banking shares slid, leading Wall Street lower.
 
Crude prices shed 2% today, heaping pressure on energy and oil shares and dragging U.S. indices lower as well.
 
On the other hand, U.S. stock indices reached record highs recently, which led to widespread profit-taking and correction movements.
 
As for the dollar, it wavered today, which hurt shares of American exporters, specially after the greenback advanced last Friday following the U.S. payrolls report.
 
Standard and Poor's 500 fell 0.27%, or 6.19 points to 2,270.79, while Dow Jones declined 0.27%, or 53.87 points to 19,909.93.
 
Tech-heavy NASDAQ rose 0.07%, or 4.13 points to 5,525.

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