Wall Street finishes lower

Market Reports | Markets 11/28/2016, 10:25 PM
Wall Street finishes lower

Major stock indexes in the United States ended the session in the red on Monday, as the post-presidential election rally slowed down and investors focused on rising oil prices.

The Dow Jones Industrial Average index closed 0.28% lower, dragged down by losses in financials.

The Nasdaq 100 skidded 0.27% on closing, with Mattel Inc. as its worst performer. The toy manufacturer's stock has become the most shorted in the index as its rival Hasbro Inc. managed to sell more items during the holiday season.

The S&P 500 settled 0.53% in the negative territory. H&R Block Inc. tanked 9.01% on analyst downgrade amid fears that Donald Trump's administration could simplify the tax process and thus reduce the amount of business for the tax preparation company.

The U.S. dollar index eased 0.24% to $101.24 at 10:22 p.m. CET. The yield on 10-year Treasuries dropped to 2.3088%, while the equivalent on two-year debt decreased to 1.099%. The yield on 30-year bonds fell to 2.9723% (all at 10:21 p.m. CET).

TeleTrader Newsroom / IB


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