The major stock market indices decreased on Monday morning and are currently trading barely above the day’s lows as lunchtime approaches. Walt Disney (DIS), a Dow Jones component, fired CEO Bob Chapek after the streaming service lost more than $1 billion in the most recent quarter.
The Nasdaq lost 1.1% and the S&P 500 lost 0.6%. A 0.3% decline was seen in the Dow Jones Industrial Average. The small-cap Russell 2000 index decreased by 0.9%.
The tech-heavy Invesco QQQ trust ETF (QQQ), which tracks the Nasdaq 100, retreated 1.1%.
Compared to Friday at the same hour, there was more activity on the NYSE and Nasdaq. Due to the holiday-shortened week, volume is likely to decrease as people travel to visit family and friends.
After Saudi Arabia requested that OPEC boost output by 500,000 barrels, crude oil fell 1.4% to $79.01 per barrel. It’s likely no accident that the Biden administration just supported the Saudi ruler’s immunity in the Khashoggi murder.
A 2.3% decline was seen in the Energy Select Sector SPDR ETF (XLE).
By rising 6.8%, natural gas defied the trend of decline. It is currently trading for more than $6 per million BTUs.
The yield on ten-year Treasury notes decreased by one basis point to 3.82%. To $15,930, bitcoin was down 3.6%.
The German DAX fell 0.4%, and the Paris CAC 40 down 0.2%, while European markets were down overall. In afternoon trade, the London FTSE 100 lost 0.1% of its value.
Original article posted here.
