Tuesday 16 January 2018

US Markets Update-Sai Proficient

Wall Street paused its rally on Tuesday, weighed down by weakness in General Electric shares and as lower oil prices dragged down the energy sector.

The energy sector fell 1.2 percent as Brent crude oil shed some of its recent gains, falling nearly USD 1 per barrel. Industrials and materials were the other major laggards on the S&P, down 0.9 percent and 1.2 percent, respectively.


The Dow Jones Industrial Average fell 10.33 points, or 0.04 percent, to 25,792.86, the S&P 500 lost 9.82 points, or 0.35 percent, to 2,776.42 and the Nasdaq Composite dropped 37.38 points, or 0.51 percent, to 7,223.69.

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