fxstreet.com 22 Feb, 2021 15:45 am

S&P 500 Index drops to weakest level in more than two weeks below 3,900

S&P 500 Index drops to weakest level in more than two weeks below 3,900
Major equity indexes in the US started the new week on the back foot. As of writing, the S&P 500 was trading at its lowest level since February 5 at 3

Wall Street's main indexes started the day in the negative territory.Reflecting the risk-averse market environment, the CBOE Volatility Index (VIX), Wall Street's fear gauge, is up nearly 10%.FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.It also does not guarantee that this information is of a timely nature.

Energy shares post strong gains supported by rising oil prices.Among the 11 major S&P 500 sectors, the Energy Index is rising more than 2% boosted by a 3% increase in crude oil prices on Monday.

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