US Close 29 Nov 16: US markets finish lower, while oil, gold and iron ore rise.

US sharemarkets fell on Monday as investors locked in recent gains. Financial and discretionary stocks led the weakness. Six of the major 11 S&P sectors were weaker. The S&P financial sector lost 0.9%, with Wells Fargo (-2.1%) and Bank of America (-2.6%) leading the declines. Energy stocks rebounded after early losses following the oil price higher in late trade. At the close of US trade the Dow Jones index was lower 54 points or 0.3% with the S&P 500 index down by 0.5% while the Nasdaq lost 30 points or 0.6%.

 

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