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.
Friday Sector Laggards: Water Utilities, General Contractors & Builders
Related symbols: SBS, CDZI, GRBK, SPF
Friday Sector Leaders: Education & Training Services, Computers
Related symbols: ATAI, LINC, NEON, BRCD
Thursday Sector Laggards: Sporting Goods & Activities, Biotechnology Stocks
Related symbols: WBAI, ISCA, ISR, BRKR
Friday's ETF with Unusual Volume: CWI
Related symbols: CWI, ABEV, VALE, VRX.CA, SID
Friday's ETF Movers: GXC, ILF
Related symbols: CTRP, YOKU, SID, CIG, ILF, GXC
XLI, GDJS: Big ETF Outflows
Related symbols: XLI, GDJS, GE, MMM
Daily Dividend Report: WMB, AMT, HD, CMCSA, MCD, EMC, HAL, PCP
Related symbols: WMB, AMT, HD, CMCSA, MCD, EMC, HAL, PCP
Daily Dividend Report: STT, MMC, NTAP, VIA, A, TMO, APD, CTL
Related symbols: STT, MMC, NTAP, VIA, A, TMO, APD, CTL
Daily Dividend Report: NOC, BG, MO, JCI, MDLZ, CME, BDX, PPL
Related symbols: NOC, BG, MO, JCI, MDLZ, CME, BDX, PPL
Weekly Market Wrap: May 22, 2015
Related symbols: BAC, AAPL, ONTY, HPQ
Weekly Market Wrap: May 15, 2015
Related symbols: AAPL, BAC, AMAT
Weekly Market Wrap: May 8, 2015
Related symbols: BAC, AAPL, NOK, VALE
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
Week Ahead Market Report: April 13, 2015
Related symbols: GE, AAPL, BAC, JPM, 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.