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George Ma
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Stocks
April 21 10:35

Wall Street is down because of the fall in energy sector

Wall Street went down on Monday amid low oil prices at the beginning of the week, which will be saturated with quarterly reports and economic data.
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S&P 500 Energy Index dropped by 2.8% after stock exchange opened and was dropping during the 6th of 7th sessions. Earlier, American oil WTI prices went down by more than 147.13% to its lowest level in 22 years due to concerns over supply.
Exxon Mobil and Chevron share prices dropped by more than 3%.
All main S&P 500 sub-indexes decreased, while the downfall of Nasdaq was stopped by Amazon.com (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) as demand for online streaming and home delivery grew.
By 13:15 GMT Dow Jones Industrial Average index dropped by 1% to 23,999.88 points, S&P 500 by 0.67% to 2,855.39 points, and Nasdaq Composite traded without any distinct dynamics at 8,651.81 points.