Falling crude oil prices weigh on energy shares on Monday. Investors move to sidelines while assessing the “phase one” trade deal with China. Following the impressive rally witnessed in the second half of the previous week, major equity indexes in the United States (US) started the new week in the negative territory as investors are moving to the sidelines while assessing the details of the “phase one” trade deal with China that was announced on Friday. As of writing, the Dow Jones Industrial Average is down 0.25% on the day while the S&P 500 and the Nasdaq Composite are erasing 0.3% and 0.17%, respectively. Among the 11 major S&P 500 sectors, the Energy Index is down 0.8% in the early trade pressured by a more-than-2% drop in crude oil prices. On the other hand, the defensive Utilities Index is up 0.25% to reflect that the market sentiment is turning negative on the day. Nevertheless, Wall Street’s main indexes are expected to stay relatively calm in the remainder of the day dur to the Columbus Day holiday in the US. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China: CPI likely to print 3% for September – TD Securities FX Street 4 years Falling crude oil prices weigh on energy shares on Monday. Investors move to sidelines while assessing the "phase one" trade deal with China. Following the impressive rally witnessed in the second half of the previous week, major equity indexes in the United States (US) started the new week in the negative territory as investors are moving to the sidelines while assessing the details of the "phase one" trade deal with China that was announced on Friday. As of writing, the Dow Jones Industrial Average is down 0.25% on the day while the S&P 500 and the Nasdaq Composite are erasing… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
