Monday, August 1, 2016

Dow, S&P 500 close lower as oil prices drop

From:  Market Watch


By, Reporter
Published: Aug 1, 2016 4:07 p.m. ET

The Dow Jones Industrial Average and S&P 500 Index closed lower Monday as oil prices slipped, while the Nasdaq Composite Index finished at its highest level in more than a year. The Dow industrials DJIA, -0.15% closed down 27.73 points, or 0.2%, at 18,404.51, weighed by more than 3% drops in shares of Exxon Mobil Corp. XOM, +0.16% and Chevron Corp. CVX, +0.04% The S&P 500 SPX, -0.13% declined 2.76 points, or 0.1%, at 2,170.84, as the energy sector dropped 3.3%. Oil prices CLU6, -3.65% settled down 3.7% at $40.06 a barrel. The Nasdaq SPX, -0.13% rose 22.06 points, or 0.4%, to close at 5,184.20, its highest close since July 21, 2015.  MORE