Wall St. declines as oil prices drop; Fed in focus

August 22, 2016 3:24 PM

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Wall St. declines as oil prices drop; Fed in focus

Wall Street was lower on Monday as oil prices fell and investors remained cautious ahead of Federal Reserve Chair Janet Yellen's speech this week.

With the earnings season coming to an end, investor focus will shift to Yellen's speech on Friday at the annual central bankers' meeting in Jackson Hole, Wyoming to see whether the Fed is keen on raising interest rates in the coming months.

Also read: Singapore Dec private home sales down 57.3 pct month-on-month

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