FX & CFD trading involves significant risk
The major market averages have climbed off their worst levels of the session, but still trade in negative territory. Weakness in the broader S&P 500 is pacing the decline as the index trades down 0.3% while the Dow and Nasdaq are seeing losses of close to 0.1%
Energy shares are among the worst performers today with the S&P 500 Energy Index trading down 1.1%. Today’s drop coincides with a 1.0% decline in crude oil prices that has dropped West Texas Intermediate to $99.25 per barrel. Heavyweights Exxon Mobile (XOM 80.68, -0.50) Chevron (CVX 100.09, -0.91) are outperforming the S&P Energy Index with losses of -0.7% and -0.9% respectively. Meanwhile, EOG Resources (EOG 111.52, +0.96) is the lone stock in the space trading in positive territory, currently trading higher by 0.7%.
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