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Oil costs lead United States of America stocks lower

Wall Street markets sank on Monday, as oil costs born two hundredth to three-month lows and investors remained cautious before a raft of quarterly earnings reports.

The Dow-Jones Industrial Average Industrial Average was down seventy seven.79 points at 18493.06.

The broader S&P five hundred index fell half dozen.55 points to 2168.48, whereas the NASDAQ slipped a pair of.35 to 5097.63.

The price people crude fell a pair of.6% to $43.04 a barrel, its lowest level since Apr, whereas brent goose crude softened a pair of.3%.

The come by crude sent shares people oil producers tumbling.

Exxon Mobile shares fell one.9% and Chevron fell a pair of.5%.

Shares of Verizon and Yahoo each slipped once it had been declared that the United States of America telecoms big would purchase Yahoo's core web business for $5bn.

Verizon Communications fell zero.4% and Yahoo shares were down a pair of.7%.

Kimberly-Clark, the maker of home merchandise as well as tissue tissues and Huggies diapers, fell 1.5% once reportage unsatisfying results.

Retail stocks were a number of the day's high performers. retail store Nordstrom climbed four.6% and Gap shares rose three.5%.

Investors square measure getting ready themselves for additional earnings results free in the week. Tuesday are going to be targeted on Verizon within the morning and Apple and Twitter once United States of America mercantilism closes.

On weekday, the Federal Reserve System announces whether or not it'll raise its benchmark rate. However, most investors believe the Fed can leave rates unchanged.


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