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Wall Street drops as China support fades, earnings disappoint

Updated : October 22, 2018 08:31 PM IST

The energy sector fell 1.59 percent, the most among the 11 S&P sectors, after crude oil prices slipped below $80 a barrel as Saudi Arabia pledged to raise its crude production to a record.
Also weighing on energy stocks was oilfield services provider Halliburton, which gave up earlier gains to drop 2.7 percent after forecasting a drop in current-quarter profit.
Wall Street drops as China support fades, earnings disappoint

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