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: Consumer Services, Biotechnology Stocks
Related symbols: WTW, ASCMA, ATRA, IBIO
Friday Sector Leaders: Precious Metals, Apparel Stores
Related symbols: PZG, PAL, ROST, BOOT
Thursday Sector Laggards: Oil & Gas Exploration & Production, Rental, Leasing, & Royalty Stocks
Related symbols: CWEI, HERO, BPT, HGT
Friday's ETF with Unusual Volume: IYLD
Related symbols: IYLD, GE, PFE, WMC, JMI
Friday's ETF Movers: GDX, XBI
Related symbols: CDE, BVN, PRTA, INFI, XBI, GDX
XHB, CHII: Big ETF Outflows
Related symbols: XHB, CHII, SPF, RYL, HOLI
Daily Dividend Report: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Related symbols: MJN, ROST, GPS, WYN, DLR, ECL, PPL
Daily Dividend Report: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Related symbols: TD, CM, CB, PLD, KSS, ESS, TMO, ACE, CI
Daily Dividend Report: HD, CMCSA, BMO, CTL, UFS, MLI
Related symbols: HD, CMCSA, BMO, CTL, UFS, MLI
Weekly Market Wrap: February 27, 2015
Related symbols: BAC, AAPL, JCP, GE, CMCSA
Weekly Market Wrap: February 13, 2015
Related symbols: ZNGA.BAC, GRPN, AAPL, HON, FDX, CSCO, UPS, TWX, UNH
Weekly Market Wrap: February 6, 2015
Related symbols: BAC, TWTR, FTR, SIRI, GE, PEP
Week Ahead Market Report: February 23, 2015
Related symbols: AAPL, BAC, HLSS, NBG, SLXP
Week Ahead Market Report: February 9, 2015
Related symbols: BAC, AAPL, TWTR, NBG, DF, TAP, CG, CSCO, AIG, SJM
Week Ahead Market Report: February 2, 2015
Related symbols: BAC, AAPL, MSFT, FB, AET, GM, P, AON
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.