LONDON (ShareCast) - US stocks declined on Tuesday as ISM data came in lower than expected and oil prices continued to slide.
The Dow Jones Industrial Average fell 0.76% to 17,368.78 while the Nasdaq dropped 0.88% to 4,124.37 and the S&P 500 retreated 0.91% to 2,002.20.

Financial analyst Connor Campbell from Spreadex said: "Oil slid even further as the day went on, with Brent Crude touching $51.25 per barrel, its latest 5 and a half year low."

"In the short-term, the commodity must endure another US crude oil inventories release tomorrow afternoon; this figure has been inconsistent of late, so expect more instability before the announcement on Wednesday."

Crude futures were advancing early in the day but WTI crude futures closed 4.272% down to $47.99 a barrel and Brent futures receded by 4.178% to $50.98 a barrel early in the day.

Meanwhile, the US ISM's employment gauge decreased to 56.0 from a previous score of 56.7 while a barometre of prices paid dropped to 49.5 from 54.4 marking its first time below 50 since September 2009.

Campbell added: "US data has been consistently disappointing recently, and may cause the US Fed to reconsider its desired raise in interest rates until America can prove its positive figures can be sustained."

Over on COMEX, gold futures were advancing 1.25% to $1,219.00 while the dollar advanced against the pound and the euro but fell against the yen.

IG market analyst Alastair McCaig said: "For its part, gold has added to the picture of troubled markets trading almost $30 higher in the last 48 hours, with prices above the 100-day moving average at $1,211."

The yield on a benchmark US 10-year Treasury dropped four basis points to 1.99% while in the corporate world Newmont Mining was rising 4.16% and PVH Corp was falling 4.04%.

S&P 500 - Risers
Newmont Mining Corp. (NEM) $20.27 +4.16%
Merck & Co. Inc. (MRK) $60.32 +3.93%
Simon Property Group Inc. (SPG) $191.28 +2.78%
Monster Beverage Corp (MNST) $112.28 +2.60%
Ventas Inc. (VTR) $75.32 +2.23%
CF Industries Holdings Inc. (CF) $282.68 +2.07%
Boston Properties Inc. (BXP) $135.02 +1.94%
HCP Inc. (HCP) $46.16 +1.90%
Freeport-McMoRan Inc (FCX) $22.53 +1.72%
Public Storage (PSA) $191.32 +1.71%

S&P 500 - Fallers
Avon Products Inc. (AVP) $8.61 -6.00%
Southwestern Energy Co. (SWN) $24.71 -5.00%
ONEOK Inc. (OKE) $45.10 -4.16%
ConocoPhillips (COP) $62.93 -4.13%
Genuine Parts Co. (GPC) $101.50 -4.10%
PVH Corp. (PVH) $116.98 -4.04%
Fifth Third Bancorp (FITB) $18.81 -4.03%
CSX Corp. (CSX) $33.49 -3.99%
CONSOL Energy Inc. (CNX) $31.20 -3.88%
Zions Bancorporation (ZION) $26.19 -3.82%

Dow Jones I.A - Risers
Merck & Co. Inc. (MRK) $60.32 +3.93%
Verizon Communications Inc. (VZ) $47.04 +0.97%
Pfizer Inc. (PFE) $31.42 +0.83%
Wal-Mart Stores Inc. (WMT) $86.31 +0.77%
Coca-Cola Co. (KO) $42.46 +0.76%
McDonald's Corp. (MCD) $92.40 +0.18%
AT&T Inc. (T) $33.60 +0.15%

Dow Jones I.A - Fallers
JP Morgan Chase & Co. (JPM) $58.98 -2.59%
International Business Machines Corp. (IBM) $156.07 -2.16%
General Electric Co. (GE) $24.07 -2.15%
American Express Co. (AXP) $88.63 -2.13%
Goldman Sachs Group Inc. (GS) $184.53 -2.02%
Intel Corp. (INTC) $35.28 -1.86%
Microsoft Corp. (MSFT) $45.65 -1.46%
United Technologies Corp. (UTX) $111.52 -1.41%
Boeing Co. (BA) $127.53 -1.18%
E.I. du Pont de Nemours and Co. (DD) $70.89 -1.16%

Email this article to a friend

or share it with one of these popular networks:

• DIGG
• FACEBOOK
• STUMBLEUPON
• MIXX
• YAHOO BUZZ
• DELICIOUS
• REDDIT
• NEWSVINE