Published: Thu, June 22, 2017
Money | By Armando Alvarado

US Index Futures Signal More Stock Losses as Oil Woes in Focus

US Index Futures Signal More Stock Losses as Oil Woes in Focus

At 12:37 p.m. ET (1637 GMT), the Dow Jones Industrial Average was down 37.39 points, or 0.17 percent, at 21,429.75, the S&P 500 was down 1.1 point, or 0.05 percent, at 2,435.93.

But if the price of oil keeps dropping, that's at risk.

Overall trading activity remained somewhat subdued, however, with a lack of major USA economic data keeping some traders on the sidelines.

Nine of the S&P 500's 11 industry groups fell, as energy stocks (-1.3%) extended losses for the year's worst performing sector after WTI crude fell below $43/bbl before closing 2.1% lower at $43.53/bbl.

The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow.

Large-cap technology stocks such as Facebook, Apple, Amazon, Netflix and Google-parent Alphabet all closed higher.

The Nasdaq biotechnology index was up 3.7 percent, on track for its biggest one-day gain since the day after Trump's November 8 election.

25, 2016, file photo shows the NY. The euro rose to $1.1164 from $1.1128, and the dollar dipped to 111.32 Japanese yen from 111.41 yen. After being up by as much as 1.6 percent earlier in the day, benchmark US crude turned lower and fell 98 cents, or 2.3 percent, to settle at $42.53 per barrel.

Alongside MSCI's addition of China "A" shares to the emerging markets benchmark, the index provider decided not to add Argentina to the same index and will consult on adding Saudi Arabia.

Yoga as important as salt in food: Modi
The PM donning a white t-shirt and loose pants , also performed the asanas along with around 50,000 other participants. The Day draws a critical link between healthy lifestyles, physical activity and individual and public health.

NORTH KOREA: Geopolitical tension was in focus as President Donald Trump tweeted that China's efforts to pressure North Korea have not worked out.

The Nasdaq index, which was buoyed by a tech rally on Monday, dropped 0.2% to 6,224.71. Brent crude, the global standard, fell $1.20, or 2.6 percent, to $44.82 a barrel.

The Australian share market is set to open lower, following weak leads from USA and European markets.

Accelerating corporate profits and expectations that they'll continue have been a big reason for the stock market's rise this year, and energy companies had been forecast to provide some of the biggest gains.

Oil majors Chevron and Exxon were down about 1 percent, with the S&P energy sector's 1.3 percent fall leading the decliners. Japan's Nikkei 225 Index fell by 0.5%, while Hong Kong's Hang Seng Index slid by 0.6%.

The big four banks lost 2-3 percent. Its stock rose $9.35, or 10.4 percent, to $99.31. Energy majors Woodside Petroleum, Santos, Origin Energy and Oil Search tumbled 2-3 percent as oil prices hit seven-month lows. Analysts are expecting a 1.2 million-barrel decline. The greenback is up almost 1 percent for the month.

Energy stocks bore the brunt for a second straight day, and those in the S&P 500 fell 0.9 percent, a day after losing 1.2 percent.

NEW YORK (AP) - The price of oil slumped to its lowest level of the year on Tuesday and helped to restrain USA stock indexes, which set records a day earlier.

Ford was also in the news after announcing its intention to invest $900m in a Kentucky plant.

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