S&P 500 Slips Slightly as Rate, Oil Pressures Ease From Session Lows
U.S. stocks pulled back from earlier losses Monday, with the S&P 500 trading off its worst levels as concerns over interest rates and oil prices moderated, CNBC reported.
The S&P 500 was slightly lower in trading on Monday, according to a CNBC report, though the index moved off its session lows as pressures related to interest rates and oil prices eased somewhat as the day progressed.
The report noted that the three major U.S. stock averages — the S&P 500, the Dow Jones Industrial Average and the Nasdaq Composite — were coming off a losing week, without specifying the exact scale of the prior week's declines.
CNBC did not detail the specific catalysts behind the initial rate and oil pressures or the extent of the recovery in the report excerpt reviewed by EGazette.
This is a developing story. Further details on market movements and the factors influencing trading will be added as they become available from CNBC's ongoing live coverage.
Sources
- S&P 500 falls slightly, trades off worst levels of the session as rate and oil pressures ease a bit: Live updates — CNBC — Top News
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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