Wall St. dips as energy, health stocks offset BofA boost



Wall Street was lower on Monday morning as a dip in energy and healthcare stocks more than offset the boost to financials from Bank of America strong results.
The S&P 500 financial index .SPSY was the top boost to the benchmark index, rising 0.16 percent after Bank of America reported its first profit rise in three quarter and also topped estimates. The stock was up 0.3 percent.
Oil fell more than 1 percent as a rising U.S. rig count left investors worrying about the prolonged glut. The energy sector's .SPNY 0.54 percent drop was the steepest among the 11 S&P sectors. [O/R]
Declines... read more

 
17 October 2016 in World News, Views: 35
Source: Reuters
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