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Stocks Remain Defensive, Nasdaq Opens Below 5000

Stocks were selling off for a second day in a row following early weakness Friday in oil prices as well as defensive positioning ahead of today's quadruple witching when options and futures contracts for stocks and indices expire. Although oil has since climbed back into positive territory, market benchmarks were lingering near their session lows, with blue-chips as measured by the Dow Jones Industrial Average underperforming today after downgrades of component companies Boeing ( BA ) and Disney ( DIS ). All ten sectors in the S&P 500 also were in the the red, led by losses by shares of utility and financial companies.

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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