US Stocks Close Lower, Snap S&P 500's 3-Day Winning Streak - News Summed Up

US Stocks Close Lower, Snap S&P 500's 3-Day Winning Streak


Energy companies led U.S. stocks slightly lower Monday as the price of crude oil declined, snapping a three-day winning streak for the Standard & Poor's 500 index. Investors are continuing to focus on company earnings reports this week as they size up the health of Corporate America. With just over half of all the companies in the S&P 500 having reported quarterly results, most have posted annual earnings growth. News of an executive shake-up at Tiffany & Co. sent shares in the jewelry company lower. Benchmark U.S. crude fell 82 cents, or 1.5 percent, to close at $53.01 a barrel in New York.


Source: ABC News February 06, 2017 15:20 UTC



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