Red Stock Prices To Start The Week

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.