US indices close lower but energy and oil sectors rise
- US Market
- 2 months ago
US indices traded lower as the spike in oil prices weighed on investors sentiment that a global slowdown may just be imminent.
The Dow Jones halted its 8-day winning streak as it shed 0.5% to close on 27,076.82 points, however both Exxon Mobil and Chevron both rose by 1% as the energy sector gained 3.4%, its best day so far for 2019.
The S&P 500 gave up 0.3% to end the session at 2,997.96 points while the Nasdaq shed the same margin to close at 8,153.54 points.
Shares of General Motors fell by 4.3%, American Airlines tumbled by 7.3% while Devon energy shares saw a remarkable rise of 12% along with Marathon Oil whose shares surged by 11.6%.
Source: Smart Trend Team