US Close 8 Dec 15: Dow off 117pts after selldown in oil overnight.

US sharemarkets fell on Monday driven by weakness in energy and resource stocks. The stronger US dollar added to the weakness in commodity prices. Exxon Mobil lost over 3% while Chevron lost 2.2%. The S&P materials index fell 1.8%. However the fall in oil prices supported airline stocks with the S&P airlines index lifting 2.3% to its highest level in 11 months. At the close of trade the Dow Jones index was down by 117 points or 0.7% with the S&P 500 down 0.7% while the Nasdaq lost 40 points or 0.8%.

thanks juliana