(MENAFN- ProactiveInvestors - N.America)
Wall Street shares are set to be under pressure as stocks fall in European and traders pause to consider more US data today.
Yesterday, energy firms were the main culprits in bringing down tickers on Monday, as oil prices plunged 4%, falling below $40 a barrel for the first time in nearly four months.
The S & P 500 market bellwether closed down 0.1% to 2,170, led lower by Diamond Offshore Drilling Inc (NYSE:DO), which was down 7.7% to $20.98 and Transocean Ltd (NYSE:RIG) down 6.7% to $10.25.
The benchmark Dow finished down 0.15% to 6,661, while the tech heavy Nasdaq added 0.43% to stand at 5,184.
In futures markets today, the S & P500 is around five lower, while the Nasdaq is down nine and the Dow Jones is down three points.
It comes as London's FTSE 100 is down 0.48% to 6,661 and the German Dax fell 1.4%. The French CAC 40 lost 1.59% to stand at 4,339.
European banks are doing particularly badly, with Germany's Commerzbank (CRZBY) down around 8% -- after releasing its latest earnings report.
Official US data will show the latest consumer inflation data, which is closely tracked by the Federal Reserve as it considers future rate hikes. It will also release personal income and spending data at the same time.
US crude has recovered somewhat and is up 1.37% to US$40.61 a barrel.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.