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21 Mar 2016
US stocks trade lower after five weeks of gains
Stock markets in the US fell in early trading on Monday as buyers are taking a breather after five straight weeks of shopping spree.
At the time of writing, Dow Jones Industrial Average (DJIA) was 40 points. S&P 500 index was down 4 points and Nasdaq traded 5 points lower.
Shares in Nike were up 2.18%, followed by a 1% rise in Wal-Mart Stores. Meanwhile, losing side included names like Intel, DuPont, Chevron and JP Morgan.
Stocks struggled to push higher despite a rise in oil prices, contradicting a recent trend of strong correlation between oil and stock prices. Still, losses are miniscule as sentiment still remains in favor of risk assets two-months of financial market volatility forced the Federal Reserve to indicate it would keep borrowing costs lower for longer.
At the time of writing, Dow Jones Industrial Average (DJIA) was 40 points. S&P 500 index was down 4 points and Nasdaq traded 5 points lower.
Shares in Nike were up 2.18%, followed by a 1% rise in Wal-Mart Stores. Meanwhile, losing side included names like Intel, DuPont, Chevron and JP Morgan.
Stocks struggled to push higher despite a rise in oil prices, contradicting a recent trend of strong correlation between oil and stock prices. Still, losses are miniscule as sentiment still remains in favor of risk assets two-months of financial market volatility forced the Federal Reserve to indicate it would keep borrowing costs lower for longer.