24 Feb 2016
Dow Jones drops 240 points as oil slide hurts energy sector
The sell-off in equities continues today as the sliding oil prices is weighing over energy and mining shares.
At the time of writing, Dow Jones Industrial Average (DJIA) was down 1.52% or 250 points. The S&P 500 index was down 0.48% or 28.40 points. The tech index Nasdaq was down 1.6% as well.
The DJIA Oil and Gas index was down 1.81%. Bank index dropped 2.16%, while Financials were down 1.9%. The utilities sector, traditionally viewed as a safety play, was the only one of the 10 main sectors to avoid losses.
Shares in Caterpillar fell 3.6% and were the top losers in the DJIA index. JP Morgan and Goldman Sachs shares were down at least 2.5% each.
At the time of writing, Dow Jones Industrial Average (DJIA) was down 1.52% or 250 points. The S&P 500 index was down 0.48% or 28.40 points. The tech index Nasdaq was down 1.6% as well.
The DJIA Oil and Gas index was down 1.81%. Bank index dropped 2.16%, while Financials were down 1.9%. The utilities sector, traditionally viewed as a safety play, was the only one of the 10 main sectors to avoid losses.
Shares in Caterpillar fell 3.6% and were the top losers in the DJIA index. JP Morgan and Goldman Sachs shares were down at least 2.5% each.