Shares of oil refinery companies rose on Monday after Harvey, a Category 4 hurricane, forced refineries in Houston to shut down.
Harvey, a hurricane that was later downgraded to a tropical storm, ravaged Houston and other parts of Texas over the weekend, with more than 30 inches of rain falling in some parts in just 48 hours. Houston is home to several of the major U.S. refineries.
The Dow Jones industrial average fell 26 points, with Travelers contributing the most to the losses. The 30-stock index traded higher earlier in the session.
The S&P 500 oscillated between gains and losses, with health care leading three sectors higher and energy the biggest decliner. The Nasdaq composite outperformed, rising 0.2 percent.
Source: Bloomberg Pro Terminal
Jr Trader Alexander Kumanov
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