Moscow. January 26. U.S. stocks fell on Monday by more than 1% amid declining oil prices, writes The Wall Street Journal.
The most significant declines were demonstrated by energy and other commodity companies, the corresponding indexes fell by 4.5% and 3.3%. In addition, an active sale was observed in the financial sector, lost a total of 2.3%.
The price of oil WTI following the results of the substantive session on 25 January held above $30 a barrel, despite a significant decrease. Gasoline in the USA is cheaper on expectations that Blizzard will reduce the demand for automobile fuel.
Last week the S&P 500 index fell to its lowest level in 21 months, but had made an impressive rally on Thursday and Friday, which allowed him to finish the week up for the first time this year. Since the beginning of January, the indicator dropped to 6.7 per cent.
“The negative dynamics of oil quotations slightly spoiled the mood of investors after a rally last week, says managing Director of Wedbush Securities, Michael James. – The market is definitely the time for a small bearish correction”.
Share prices of leading oil companies fell after oil: ExxonMobil – 3.4%, Chevron – by 3.2%.
Quotes of the securities of Halliburton company. decreased by 3%. Oilfield services company reported the loss in the fourth quarter of 2015 amid falling revenue by 42%.
Shares of McDonald’s rose 0.7%. The world’s largest chain of fast food restaurants recorded a net profit and revenue for the fourth quarter of 2015 ahead of market expectations.
Twitter capitalization decreased by 4.6% on the news that four senior executives are leaving the company. Last year the value of its shares collapsed by 55%.
The price of the securities of Tyco International jumped by 11.6%. A diversified industrial Corporation Johnson Controls reached an agreement to merge with her. Capitalization of the joint company will be about $36 billion.
The consumer product manufacturer Kimberly-Clark has reduced net profit in October-December, with adjusted earnings per share fell short of market expectations. As a result, the price of securities of the manufacturer of Huggies diapers fell by 3.2%.
The Dow Jones Industrial Average on Monday dropped 208,29 paragraph (1,29%) – to 15885,22 item.
Standard & Poor’s 500 index declined 29,82 points (1.56 per cent), to 1877,08 item.
The value of the Nasdaq Composite decreased by 72,69 paragraph (1,58%) – to 4518,49 item.