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Falling Oil Prices Drag Down Energy Sector

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  • Description

    FBN’s Lauren Simonetti breaks down the day in the markets.

  • Duration 2:31
  • Date

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This transcript is automatically generated

Very hard look go to warns that -- on the floor of the New York Stock Exchange we did have oil prices settling below eighty dollars a barrel -- a real plus 79 not right now though but.

Let's look at some of the energy stocks into the close.

Yeah all forty porn name in the energy index are down here's some of the big ones making moves your doubt my Exxon Chevron down about 1% beat peak.

-- deadline energy all lower like instead well plus 5% last week it down again today you have a higher US dollar would just -- trained well and also the matching your out.

Making us think they'll be -- management.

And then we have the story about Blackberry maker Research in Motion they're going to report their earnings later this week after the bell but -- doctor Scott smashed after Morgan Stanley decided to -- Amish.

Under the -- story is quote essentially broken they didn't say over they said broke out of our story could be broken but that's of the.

Yeah -- still do something with the company now explore some strategic options will that be splitting raisers in the Palestinians you know.

We'll have to see like you said they report on Thursday the stock down seven plus percent today if you look at -- over the past 52 weeks.

It's got nearly 70%.

As you I know I mean it's just unbelievable how what a rough time read that they've got 78 million people using these things I fail to see how this could.

Be such a disaster but.

Managed yeah not being strong -- all three of struggle we got the strong home sales numbers this morning of any of the housing starts as we just saw a couple of them at the moment one looked okay Lennar but.

The broad -- is just pulling these names down regardless of the good news.

Exactly new home sales coming in much better than expected -- -- trying to get into the pocket but mostly red arrows and nanny and -- -- down more than 1% -- Mark yes -- signs of recovering that actually.

News from Ben Bernanke -- maybe they won't.

Slid as much stimulus since market at some traders might help.

We -- the -- heard that Jeffrey -- with Peter Barnes saying that the problems that this economy have are not necessarily fixable through the Fed's opportunities so.

That exclusive interview certainly shed some light let's talk about volatility that fear index skyrocketed today.

Now obviously Spain asking for a bail out of the banks up about 11%.

And I'm.

-- -- knows that's part of major indices are.

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