The American stocks closed lower. Indexes fall amid cheaper oil prices, according to Bloomberg.
"This year, we are waiting for high volatility but not necessarily a significant decline - says the analyst of Standard Life (L: SL), Frances Hudson. - In the short term, there is possible a rebound of indexes, but for a longer-term rally there is needed a significant improvement in the main macroeconomic indicators. The geopolitical situation also does not add any optimism once Saudi Arabia and OPEC have decided that the most that they can go is freezing in oil production. "
Dow Jones Industrial Average index on February 24, fell 233.49 points (1.42%) and amounted to 16198.29 points.
Standard & Poor's 500 fell 26.9 points (1.4%) to 1894.37 points.
Nasdaq Composite lost 72.33 points (1.61%) and amounted to 4431.25 points.
Shares of major oil companies – ConocoPhillips (N: COP) and Chevron (N: CVX) decreased in value by more than 2.1%.
Shares of the largest banks: Morgan Stanley (N: MS) and Citigroup in early trading on Wednesday fell more than 3%, while Freeport-McMoRan and Alcoa companies lost 8.3% and 1.4% respectively of capitalization.
Quotes of Lowe's Cos, the second-largest chain store of household goods in the United States, decreased by 3%. Net income in the fourth quarter of last year amounted to only $ 11 million versus $ 450 million in the same period a year earlier due to write-downs in connection with the exit from Australian business.
Meanwhile capitalization of Chesapeake Energy jumped 12%, as the drop in revenues in the fourth quarter was weaker than market expectations. In 2015, the company received a loss of $ 14.86 billion, and the write off the cost of assets amounted to $ 14.53 billion.
The market value of the retailer Target Corp (N: TGT) increased by 0.1%. The company managed to return to a profitable level in the last quarter, despite the decline in revenue.