Decline In Energy Stocks Leads Negative Day On Wall Street

The major averages ended the session in the red. Ken Meyers has your stock market report on the Acadiana Business Index.

The Dow Jones Industrial Average was down 70 points to 15,010, the S&P 500 gave up 9 points to 1646 and the NASDAQ shed over 13 points to end at 3589.
Stocks edged lower throughout the day to end near their session lows.
Equities traded in a narrow range as investors were hesitant to make moves ahead of the FOMC minutes release on Wednesday.
Eight of the 10 sectors on the S&P ended lower, led by a decline in energy stocks. Shares of Exxon gave up 1.1% to $86.92. Also in the space, Apache fell 4.6% to $75.34 after the stock received an analyst downgrade due to its exposure in Egypt. On the earnings front, Saks ended lower by 0.3% to $15.97 after the company reported a wider-than-expected loss in the quarter. On the M&A front, industrial tech firm Edwards Group rallied 18.3% to $10.00 on news that the company was being acquired by Atlas Copco for $10.50 per share.
Composite volume on the NYSE was over 2.8 billion shares with declining issues besting advancers by a 4-1 margin. The NASDAQ was 7-3 negative on issues. Turning to fixed income markets, Treasuries were lower along the curve.
The benchmark 10-year note was down 15/32 to yield 2.88% and the 30-year bond was nearly a full point to yield 3.90%.

For the complete economic report, click Ken's Market Report.