Banks and utility companies slipped, and energy companies took losses as oil prices fell for the fourth day in a row. “We've had some time now for that sector to prepare for lower oil prices for longer,” he said. Brent crude, the benchmark for international oil prices, fell 3.1% to $45.45 a barrel in London. Diamond Offshore Drilling slumped 10.6% to $16.51 after the company said Brazilian oil company Petrobras is terminating a contract with it. Casino companies rose after spending on gambling in Macau rose for the first time in more than two years.

Source: Los Angeles Times September 01, 2016 21:28 UTC