Wall Street lowers in Early Trading:
The Dow Jones Industrial Average fell 0.26 percent in early trading today, opening in the red. The drop was led by losses in the banking sector. Goldman Sachs, the biggest loser on the Dow, dropped nearly 2%.
At the same time, the S&P 500 was down 0.25% and the Nasdaq was off 0.21%. Technology shares on the Nasdaq were lower as Apple, Microsoft, and Amazon all traded down.
Oil prices continued to slip, with Brent crude down 3.2% and U.S. crude trading down 2.9%. The fall in oil prices led to losses among oil companies, with many of the major producers trading down in early trading.
The outlook for the market is uncertain as investors are looking to the Federal Reserve meeting tomorrow to get clues on the direction of interest rates. Any news from the Fed could push the markets in either direction.