Skip to main content
Thursday, November 12, 2026Nov 12
Subscribe
All Sections
Search
More

US stocks modestly lower in early trading; oil prices slide

Executives and guests of Pampa Energia, an Argentine electric company, photograph their colleagues during the opening bell of the New York Stock Exchange, Monday, Jan. 9, 2017. Stocks are opening mostly lower on Wall Street, led by declines in energy companies and banks. Oil and gas companies had some of the biggest losses in early trading Monday as energy prices fell. (AP Photo/Mark Lennihan)
Executives and guests of Pampa Energia, an Argentine electric company, photograph their colleagues during the opening bell of the New York Stock Exchange, Monday, Jan. 9, 2017. Stocks are opening mostly lower on Wall Street, led by declines in energy companies and banks. Oil and gas companies had some of the biggest losses in early trading Monday as energy prices fell. (AP Photo/Mark Lennihan) Executives and guests of Pampa Energia, an Argentine electric company, photograph their colleagues during the opening bell of the New York Stock Exchange, Monday, Jan. 9, 2017. Stocks are opening mostly lower on Wall Street, led by declines in energy companies and banks. Oil and gas companies had some of the biggest losses in early trading Monday as energy prices fell. (AP Photo/Mark Lennihan)

By Associated Press 3 min read

U.S. stock indexes edged mostly lower in early trading Monday, led by declines in energy companies. Oil and gas companies fell the most as the price of crude oil headed lower. Materials stocks notched the biggest gain. Investors had their eye on the latest company earnings and deal news.

KEEPING SCORE: The Dow Jones industrial average fell 52 points, or 0.3 percent, to 19,910 as of 10:18 a.m. Eastern Time. The Standard & Poor’s 500 index slid 5 points, or 0.3 percent, to 2,271. The Nasdaq composite index rose 2 points, or 0.1 percent, to 5,523.

OIL WOES: Rig operator Transocean slumped 4.4 percent and Southwestern Energy fell 4 percent as the price of oil headed lower. Transocean slipped 55 cents to $54.49, while Southwestern Energy was down 41 cents at $9.84.

DISSAPOINTING RESULTS: Acuity Brands slumped 16 percent after the lighting maker reported quarterly results that fell well short of what analysts were expecting. The stock lost $38.30 to $199.06.

STRONG QUARTER: Electronic payment processing company Global Payments climbed 6.8 percent after it reported better-than-anticipated quarterly results. The stock added $5.08 to $79.53.