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Wall Street still down, oil at 43 dollars

The US stock market closes in negative territory, again in the wake of the drop in oil and despite an unexpected drop in crude oil inventories: however, distillate stocks have increased – Apple +3,6% on the wave of iPhone 7 sales.

Another bad day for the US stock markets, in the wake of the negative performance of the European lists. The leitmotif is always the same and above all concerns oil, which today marks a further and substantial decline losing almost 3% to 43,58 dollars a barrel on the Nymex, despite an unexpected drop in US crude inventories. However, stocks of distillates have risen more than expected and it all comes the day after a sharply declining session due to the report by the International Energy Agency, which had cut its estimates for demand in 2016 arguing that the excess of inventories will continue in 2017.

The energy sector leaves more than 1% on the ground. Tomorrow, in addition to oil, the fears about the Fed's moves, which will meet on 20 and 21 September next: for now the market excludes a tightening on rates, but macro data are expected on Thursday, including those on retail sales. The Dow Jones loses almost 32 points to 18,034.77 points (-0,18%): the three worst stocks are American Express (-1,41%), International Business Machines Corp (-1,2%) and Chevron (-1% ). The best are Apple with +3,6% on the heels of iPhone 7 sales, Caterpillar (+1%) and Home Depot Inc/The (+0,43%). The SP500 index instead closed just below parity at 2,125.77 points.

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