On Monday morning there has been a slump in the energy sector and so the worries about the upcoming earnings season weighed on U.S. stocks.
Along with the stock market the commodity had been putting in solid gains, which is helped by an influx of speculative bets by those traders who are willing to take on risk. But during the recent sessions, this has been hurt by the investor’s worries about the weakness in demand due to the global recession, which now probably looks like that it will last longer than what is expected by many traders expected. 
In New York recently crude futures were down $2.54 to $64.19 a barrel, which leads to a broad decline in raw materials. The Dow Jones-UBS Commodity Index was off 2.9%.
One relatively encouraging thing however come from the relatively low-bar set by the year-ago period taken as a comparison to the forthcoming numbers. It has been said by veteran traders and analysts that it’s getting much easier for companies to beat analysts’ earnings expectations with each passing quarter since the U.S. economy has now been in recession for more than a year and a half.
