(MENAFN- ProactiveInvestors)Wall Street indices clawed back from intra-day losses by Monday's close buoyed by increasing speculation that after-hours earnings from Google parent Alphabet (NASDAQ:GOOG) would beat forecasts - which it soundly did thanks to strong sales growth from advertising. The news also set the scene for an after-hours upsurge as Alphabet shares continued to rise in after-hours trading making the Google company the most valuable on the US bourse ahead of rival Apple (NASDAQ:APPL) whose shares drifted. All that helped boost the tech-heavy Nasdaq earlier nursing losses to close up 0.14% or 6 at 4620. Meanwhile the broader S&P500 closed down just 0.04% or just under a point to stand at 1939 as it nearly erased the day's losses. The Dow Jones which lost 125 points at the open ended 17 points lower or 0.1% at 16449. Google official closed up 1.22% or US$9.05 at US$752.00; after hours it scaled US$794 - up by more than 5.5%. Meanwhile Apple ended down 0.93% or 91 cents at US$96.43. But Apple also benefited in the after hours spell nearly erasing day losses to stand at US$96.31. LUNCHTIME The Dow Jones Industrial pared losses in early trading on Monday and was down around 97 points or 0.59% at 16369.33 after last week's oil price rally failed to extend into the new month. West Texas intermediary crude at around $31.47 a barrel was down 6.39% while Brent fell 5.36%% to just above $34. Softer European bourses as well as fresh woes in China's markets contributed to sapping upside out of the Wall Street tickers. The broader S&P500 was similarly down 0.62% or 12.03 at 1929.21. The S&P had started 2016 just above the 2000 mark before beginning a trend south. The biggest casualty on the S&P500 intraday was Kinder Morgan (NYSE: KMI) the largest energy infrastructure company in North America whose shares were at $14.99 down 8.91% or $1.47. Kinder Morgan was in part a sentiment-driven share price drop although the closure of its $350 million acquisition of 15 refined product terminals weighed too. On Monday the US company said it had acquired the terminals in a deal with BP PLC (NYSE: BP) which sees Kinder jointly owning 14 terminals and 100% of the 15th while also operating the whole portfolio. Since the deal was first announced in October Kinder's shares have more than halved. BP's share price in New York was $31.48 down 89 cents or 2.75%. Meanwhile the tech-heavy Nasdaq Composite started the month by shedding 0.57% or 26.17 points to 4587.79. But there were some major advances among S&P500 stocks led by a 7.66% advance from food distributor Sysco Corp (NYSE: SYY). The stock was up at $42.86 after reporting gains in sales and gross profits in its fiscal second quarter. US-based Mexican restaurant chain operator Chipotle Mexican Grill Inc (NYSE: CMG) was the S&P500 index's third-biggest riser advancing by 4.17% or $18.89 to $471.86 after the group was given the all-clear by health officials following the recent e-coli outbreak. On Monday the Centers for Disease Control and Prevention declared the e-coli outbreak in December was over providing Chipotle's share price with an instant tonic. OPEN The Dow Jones opened some 125 points lower 0.75% at 16340 on Monday as oil prices backed off last week's short lived rally. West Texas Intermediary crude at around US$32.50 per barrel was down 3.5% while the price of Brent lowered 2.5% to just above US$35. The S&P 500 started down about 10 points 0.5% at 1929 and the Nasdaq Composite lost 23 points or 0.54% to 4587. PRE-OPEN Wall Street seen lower before opening bell The rallied that ended January is expected to have cooled as Wall Street kicks off February. An easing in the crude price softer European equities and further alarm bells in China have all played a part in denting last Friday's enthusiasm. West Texas Intermediary crude futures fell about 1.5% to trade just above US$33 per barrel while Brent moved 0.5% lower to US$35.80. Chinese factory activity dipped in January according to new statistics and subsequently Chinese equities felt the impact. The Shanghai Composite dropped nearly 1.8% on Monday to 2688 and Hong Kong's Hang Seng was down 0.45%. Elsewhere Japan's Nikkei rallied a further 2% following last week's shock negative interest rate decision. In Europe London's FTSE 100 gave up 0.3% to 6064 while Germany's DAX was down 0.6% and the French fell around 0.5%. New York's famous benchmarks are meanwhile are also expected to start Monday lower. Dow Jones futures currently indicate a 55 point decline to 16304 while S&P 500 futures are down 7 points at 1923 and the Nasdaq is 14 points lower at 4248. Attention will be on the latest releases in the US earnings season. This morning the notable results are expected from health care firm Aetna (NYSE:AET) and food distributor Sysco (NYSE:SYY) which both have figures out before the opening bell in New York. Later today meanwhile the spotlight will be on Google's parent Alphabet (NASDAQ:GOOG NASDAQ:GOOGL) which is expected to report in after market hours.
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