S&P 500 top movers: Energy shares fall sharply with FTI leading decliners

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%.

Eren Sengezer FXStreet

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%.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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