Oil Prices Fall Make US Stock slumps

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Oil Prices Fall Make US Stock slumps

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American Stock Exchange (US) ended lower in early trading week as oil prices declining, and add to fears of weakening global demand.

The Dow Jones index fell 99.99 points (0.58 percent) to 17180.84. The decline followed stock index stock index S & P 500 fell 12.7 points (0.63 percent) to a level of 1989.63. Nasdaq stock index slipped 48.44 points (1.04 percent) to a level of 4605.16.

Trading volume reached 8.4 billion shares on US stock exchanges. That figure is above the average of 7.4 billion over the past five sessions.

The decline in oil prices still affect the US stock market. The S & P energy sector fell 0.7 percent stake. Crude oil prices the United States (US) and Brent has fallen about 50 percent of the highest positions in June.

"The question of lower global demand, and how to translate into global economic growth is a concern for investors," said Bucky Hellwig, senior vice president of BB & T Wealth Management, as quoted from Reuters on Tuesday (12/16/2014).

Stock index S & P 500 was the worst performing quarter hour May 2012. The stock index is now down 3.4 percent since December 8. However, the stock index is still up 7.6 percent so far in 2014.

In addition to energy stocks sector, financial sector and utility stocks were pressured on stock trading Monday (Tuesday morning GMT). JP Morgan Chase shares fell 1.5 percent to US $ 59.16. The economic data that came out among other US manufacturing data recorded the largest increase for nine months in November 2014.