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Wall Street opens flat, crude oil sell-off weighs on energy

Major equity indexes in the U.S. started the new week in a calm manner as investors are staying on the sidelines ahead of Google’s critical earnings figures expected after the closing bell. As of writing, the Dow Jones Industrial Average and the S&P 500 were both down 0.15% on the day while the Nasdaq Composite was virtually unchanged at 6,875.80 points.  

Among the 11 major S&P 500 sectors, technology and communication services lead gains by rising 0.55% and 0.43%, respectively. On the other hand, a more-than-2% fall witnessed in crude oil prices weigh on the energy sector, which was last down 0.7% on the day.

The only data from the U.S. today showed that the ISM-NY Business Conditions Index edged down to 63.4 in January from 65.4 in December, but was largely ignored by market participants.  

 

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