U.S. Stocks Slide As Consumer, Energy Sectors Were Lower

Consumer-discretionary stocks declined and dropping oil prices limited the advances of energy shares while U.S. stocks were lower. Positive earnings report helped the U.S. market from deeper global declines. The Dow Jones Industrial Average was down 0.3 percent to 18086.40. The S&P 500 fell 0.3 percent to 2126.50 while the Nasdaq Composite lost 0.3 percent to 5199.82. The worst-performing sector in the S&P 500 were consumer-discretionary stocks falling by 0.8 percent. The S&P 500's energy shares were down 0.4 percent with U.S. crude slipping by 0.8 percent to $49.94. Southwestern Energy fell 3.3 percent to 12.47. McDonald's declined the most in the Dow Industrials, dropping 1.5 percent to 112.41. Shares of Hasbro surged 7.4 percent to $81.82 after the firm has reported stronger-than-expected earnings. Bank of America gained 0.3 percent to 16.05 after it became the newest U.S. bank that exceeded the expectations of analysts. The yield on the 10-year U.S. Treasury note increased to 1.814 percent, before declining to 1.766 percent.

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About MyBelajarForex

En. Mohd Abd Fallah adalah pengasas MBFx dan introducing broker InstaForex Malaysia. Dengan pengalaman yang luas sejak tahun 2007 beliau berkongsi semuanya didalam penulisan blog ini bersama-sama isteri beliau Pn. Yatie yang juga seorang full time trader.