Oil, Gas Fall on Economic Worries Monday, May 23, 1:32 PM ET
Crude oil futures are falling today as worries about European economies increase concerns for the global economy.
At issue is a decline in Italy’s perceived credit quality as well as continued concerns about Greece’s debt.
Crude oil is trading around $97 a barrel on Monday morning.
The DB Oil Fund (AMEX:
DBO) is trading lower by over 2.5%.
The Energy Select Sector SPDR Fund (AMEX:
XLE), with top stocks like Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX) and Schlumberger (NYSE: SLB) is trading lower by over 1.1% Monday.
The Dow Jones U.S. Energy Sector Index Fund (AMEX:
IYE), with similar top holdings, is trading down over 1.1%.
The Oil Services HOLDRS (AMEX:
OIH) is trading lower by over 1.5% Monday, on the backs of top holdings Schlumberger, Baker Hughes (NYSE: BHI) and Halliburton (NYSE: HAL).
Nat gas is taking a hit today as well, and the First Trust ISE-Revere Natural Gas Index Fund (AMEX:
FCG) is trading down over 1.5%.
For MarketNewsVideo.com, I’m Kristin Bianco.
Wednesday Sector Laggards: Electric Utilities, Agriculture & Farm Products
Related symbols: GLBL, TERP, CRESY, AGRO
Wednesday Sector Leaders: Biotechnology, Apparel Stores
Related symbols: KBIO, OHRP, SSI, BOOT
Tuesday Sector Laggards: Airlines, Entertainment Stocks
Related symbols: CPA, ALGT, HKTV, WWE
Wednesday's ETF with Unusual Volume: GWX
Related symbols: GWX, BBD.B.CA, AMRN, GUY.CA, ACQ.CA
Wednesday's ETF Movers: XBI, ILF
Related symbols: SAGE, AGEN, ITUB, PBR.A, ILF, XBI
EWT, KOLD: Big ETF Outflows
Related symbols: EWT, KOLD
Daily Dividend Report: MKC, WU, WR, INT, GES, CCBG
Related symbols: MKC, WU, WR, INT, GES, CCBG
Daily Dividend Report: BDX, HRL, VAL, LG, FGP, DSW, CHS
Related symbols: BDX, HRL, VAL, LG, FGP, DSW, CHS
Daily Dividend Report: CBU, LUV, WLK, UGI, ORI, GME, DCI, CINF
Related symbols: CBU, LUV, WLK, UGI, ORI, GME, DCI, CINF
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Oil, Gas Fall on Economic Worries
| Market News Video | Copyright © 2008 - 2015, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.