Bad start for Wall Street after the month of November

After surfeit of records that Wall Street was noted in November, the New York Stock Exchange started December with caution, pending oil prices after its volatility it has shown in recent weeks. Only last week, in the four sessions that took Wall Street (Thursday was a holiday), the Dow Jones Industrial Average, its main indicator, had three highs and selective S & P 500 had two records.

The Nasdaq, which is still far from the levels before the outbreak of the technology bubble of fifteen years ago, had been accumulating six days of gains, but today broke the streak and closed with losses.The day began with indecision, in keeping with a Monday following a long weekend for Thanksgiving that was held last Thursday and was gradually determining a downward trend.

The losses were attributed to a lower than expected on the feast of consumption “black Friday” and the decline in manufacturing output level. Data were contradicting the trust that exists in the markets towards the stability of the US economy, compared to the weakness that has been felt in Europe and China.

But the stock market today was following closely elsewhere: international oil prices.On Friday, the Texas crude fell by 10.2% and on Monday was heading to a further decline, but recovered to finish and rebounded 4.3%, although analysts attributed to a technical rebound and believe that low levels continue for several weeks.

Many US companies current oil prices put them between a rock and a hard place because they are at levels that is not profitable exploitation in many fields. Others, such as Chevron and Exxon Mobil, more powerful than others and more diversified production, are less affected by these concerns and, indeed, today led gains within the group of Dow Jones Industrial Average.

Currently, week and month have begun a loss. Still, the selective S & P 500, for example, has gained 10% so far this year. Nothing is expected especially important in the coming days, until Friday, when are disclosed monthly unemployment data and, as usual, will have a particular impact on Wall Street.