Another sharp decline in crude oil pulled the S&P 500 and Dow Jones Industrial Average lower in a mixed start to the new month. Crude breached the $40-level over the session before closing at $40.06, its worst since April. The energy sector was the worst performer on markets. Major oil companies such as Exxon Mobil (XOM) , Shell (RDS.A) , Chevron (CVX) , Total (TOT) and BP (BP) were all lower. Etsy (ETSY) shares jumped after Citigroup initiated coverage with a BUY rating. Analysts expressed confidence in Etsy's seller services, which charges merchants for additional offerings such as promotion and faster checkout. Etsy is scheduled to report earnings after market close Tuesday. AMC Entertainment (AMC) missed earnings estimates in its recent quarter as a summer slump in box-office revenue took a chunk out of its results. The theater chain reported a 7.1% decline in total attendance.
More from Video
Conagra Brands Looks Tastier After Its Upgrade to Buy
CAG has hung onto the bulk of its recent gains, and could rise to the $50 area, according to the charts and indicators.
Biogen Bulls Get a Lift From Quant Upgrade and Strengthening Charts
Breaking down an approach to the long side of this biotech stock.
Is Renewable Energy the Defensive Stock Opportunity You're Missing
AMSC CEO discusses that and China challenges.
Takeda Pharmaceutical CEO Talks Big Pharma Trends
One of pharma's biggest CEO's talks M&A action on the exchange.
Real Money Video Wrap: Citi Surges as View of Stability Saves Sentiment
Citi overcame a mixed print to send its stock surging on Monday.
Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation.
If you have questions, please contact us here.