Energy sector leads US stocks to close lower

Economies.com
2019-05-23 21:04PM UTC

US stocks fell on today's trading, weighed down by losses in the energy sector as oil prices fell at their fastest pace this year, coinciding with continuing fears about the trade war.

 

US government's data showed that the number of jobless claims fell by 1,000 to 211,000 last week.

 

Whilst, US President Donald Trump said in a tweet on his official Twitter account "It is possible to reach a trade agreement with China that includes solving the Huawei crisis".

 

In the oil market, West Texas dropped 5.7% to $57.91 a barrel, with a high of $61.4 and a low of $57.3.

 

Brent fell 4.6% to $67.76 a barrel, hitting a high of $70.9 and a low of $67.02.

 

Dow Jones fell 1.1% (286 points) to 25,490 points, hitting the highest level of the session at 25,658 points, while the lowest at 25328 points.

 

Nasdaq slipped 1.6% (122 points) to 7,628 points, the highest at 7665 and the lowest at 7585.

 

Standard & Poor's fell 1.2% (34 points) to 2822 points, reaching a high of 2836 points and a low of 2805 points.

American Markets News

Americas News

Markets

Dow Jones rises ahead of US inflation data
2024-03-27 15:35PM UTC
Most US stock indices rose on Wednesday ahead of new important US data on growth and personal ...
Americas News

Markets

Wall Street gains ground following positive data
2024-03-26 15:41PM UTC
US stock indices rose on Tuesday after a series of losses as markets assess latest ...
Americas News

Markets

Wall Street loses ground as the week opens up
2024-03-25 16:16PM UTC
Most US stock indices declined on Monday as markets assess the Federal Reserve’s stance on ...