8 Dec 2014
Oil prices fueled Wall Street worst day since October
FXStreet (San Francisco) - Wall Street ended its worst day since October as investors heavily sold energy stocks. The energy sector in the S & P 500 traded at a minimum of 17 months after the crude oil fell 4.21% to end the day at 63.05 with a 5-year low of 62.75.
Most sectors finished down for the day. However, the energy sector was the ugly performer with a lost of 4.71% on the session followed by Materials (-1.65%) and Consumer discretionary (-1.14%). To the upside, Technology shares (+0.64%), Telecomm (+0.46%) and Health Care (+0.23%) posted gains.
Small caps declined 1.28% on the day as the Russell 2000 finished the day at 1,167.31. The Dow Jones fell 0.59% to 17,852.48; the S&P 500 lost 0.73% to 2,060.31; while the Nasdaq Composite ended at 4,740.69 after declining 0.84% on the day.
By market capitalization, big winners were Celgene Corporation $CELG (+3.56%), Amgen $AMGN (+1.42%) and Berkshire Hathaway $BRK (0.96%). To the downside, laggards were Chevron $CVX (-3.67%), Exxon Mobil $XOM (-2.26%), Caterpillar $CAT (-3.57%) and Apple $AAPL (-2.26%).
US Treasurys rose on the day: 30-year was +0.74%. 10-yr: +0.26%. and 5-yr finished +0.11%. Gold advanced 1.29% to $1,205.80.
Most sectors finished down for the day. However, the energy sector was the ugly performer with a lost of 4.71% on the session followed by Materials (-1.65%) and Consumer discretionary (-1.14%). To the upside, Technology shares (+0.64%), Telecomm (+0.46%) and Health Care (+0.23%) posted gains.
Small caps declined 1.28% on the day as the Russell 2000 finished the day at 1,167.31. The Dow Jones fell 0.59% to 17,852.48; the S&P 500 lost 0.73% to 2,060.31; while the Nasdaq Composite ended at 4,740.69 after declining 0.84% on the day.
By market capitalization, big winners were Celgene Corporation $CELG (+3.56%), Amgen $AMGN (+1.42%) and Berkshire Hathaway $BRK (0.96%). To the downside, laggards were Chevron $CVX (-3.67%), Exxon Mobil $XOM (-2.26%), Caterpillar $CAT (-3.57%) and Apple $AAPL (-2.26%).
US Treasurys rose on the day: 30-year was +0.74%. 10-yr: +0.26%. and 5-yr finished +0.11%. Gold advanced 1.29% to $1,205.80.