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Dow Struggling to Keep Morning Gains After Oil Turns Lower

Weighed down by losses in the energy and materials sector, the Dow Jones Industrial Average has surrendered a modest morning advance opening gains to return to negative territory, while strength for biotech stock has been underpinning the Nasdaq Composite index, lifting it to a fractional mid-day increase. Among Dow components, heavy equipment manufacturer Caterpillar ( CAT ) was the leading the laggards amid concerns about China's sluggish economy, while drug stocks are in the lead, pulling the healthcare sector more than 1% higher.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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