- Wall Street's main indexes look to close sharply lower.
- S&P 500 Energy Index is the worst-performing major sector on Monday.
- TechnipFMC PLC (FTI: NYSE) shares are down more than 11%.
Major equity indexes in the US started the new week on the back foot and remain on track to close deep in the negative territory. As of writing, the S&P 500 Index was down 2.55% on the day at 3,235. Among the 11 major S&P 500 sectors, the Energy Index is down 4.55% pressured by a 4% decline in crude oil prices.
S&P 500 top movers
Energy stocks are the biggest daily percentage decliners of the day. As of writing, TechnipFMC PLC (FTI: NYSE), Halliburton Co (HAL: NYSE) and National Oilwell Varco Inc (NOV: NYSE) shares are down 11.1%, 9.8% and 8.8% respectively.
On the other hand, technology shares are staying relatively resilient despite the risk-averse market environment. Take-Two Interactive Software Inc (TTWO: NASDAQ) is the best-performer of the day, gaining nearly 3%. Amont the other top tech stocks, PayPal Holdings Inc (PYPL: NASDAQ), Netflix Inc (NFLX: NASDAQ) and Advanced Micro Devices Inc (AMD: NASDAQ) are up around 2%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.