U.S. stocks declined, tracking a retreat in oil, with the Standard & Poor’s 500 Index losing its grip on a fourth consecutive annual gain in the year’s final trading session.
The S&P 500 fell 0.5 percent to 2,052.38 at 9:32 a.m. in New York, erasing its advance for the year after losing 0.7 percent yesterday. West Texas Intermediate crude futures sank 0.6 percent, with oil headed for its biggest two-year loss on record as an expansion in U.S. crude stockpiles exacerbated a global glut.
Markets are closed tomorrow for the New Year holiday. Trading volume has been thin all week, and the number of shares changing hands on U.S. exchanges yesterday was the lowest for a full session this year.
In the absence of the so-called Santa rally in December, the S&P 500 has struggled to hold its gain this year, up only 0.2 percent through yesterday’s close. The measure has risen as much as 3.5 percent in 2015, and fallen 9.3 percent at its low in August.
Sumber : bpfnews.com