Actionable news
0
All posts from Actionable news
Actionable news in DIS: THE WALT DISNEY COMPANY,

Stocks Try to Hold Gains as Crude Oil Weighs

U.S. stocks struggled to hold onto gains by midday Monday as continued pressure from crude oil hit the energy sector.

The S&P 500 was up 0.4%, the Dow Jones Industrial Average added 0.29%, and the Nasdaq added 0.63%.

Crude oil prices were under pressure again on Monday, trading at six-year lows. Recent data on U.S. inventories stoked fears over a supply glut, while the looming prospect of more Iranian oil on global markets spooked commodity investors. West Texas Intermediate crude oil fell 1.1% to $34.34 a barrel on Monday.

The energy sector dragged on Wall Street. Chevron (CVX) and Exxon Mobil (XOM) were among the worst performers on the Dow, while Kinder Morgan (KMI) , ConocoPhillips (COP) and Pioneer Natural Resources...


More