5 Jan 2015
US stocks falls hard on Monday as oil collapses
FXStreet (San Francisco) - The US stocks market fell in the first day of the first full week of trading of the year and the result was pretty ugly. Stocks ended a minimum of two weeks with the S&P 500 extending decline for the fourth consecutive day. The Dow collapsed over 300 points.
Investors sold shares as fears of Greece exit from the eurozone increased during the weekend. In addition, weaker oil prices pressured energy shares to the downside.
Oil prices fell to its lowest level since April 2009 as the WTI finished below the $50.00 level at $49.80 following a 5.9% decline.
All sectors finished Monday down for the day. Energy shares tumbled 4.52%, followed by Materials that fell 2.61% and Industrials with 2.30% drop. Small caps in the Russell 2000 figure declined 1.46% on the day to 1,181.35.
Investors sold shares as fears of Greece exit from the eurozone increased during the weekend. In addition, weaker oil prices pressured energy shares to the downside.
Oil prices fell to its lowest level since April 2009 as the WTI finished below the $50.00 level at $49.80 following a 5.9% decline.
All sectors finished Monday down for the day. Energy shares tumbled 4.52%, followed by Materials that fell 2.61% and Industrials with 2.30% drop. Small caps in the Russell 2000 figure declined 1.46% on the day to 1,181.35.