US stocks open week with minor falls

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Last Updated at 21 Feb 2018, 20:59 GMT *Chart shows local time Dow Jones intraday chart
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(Close): The main US share indexes all closed lower on Monday, despite a modest rise in the price of oil.

The Dow Jones fell 0.06%, or 11.61 points, to 18,116.04, while the broader S&P 500 fell 0.17%, or 3.68 points, to 2,104.42.

The tech-heavy Nasdaq index fell 0.31%, or 15.45 points, to 5,010.97.

The US oil benchmark, West Texas Intermediate Crude, rose 1.7% to $47.36 a barrel, due to a weaker dollar, which makes oil cheaper for foreign buyers.

After rising steadily in the past few weeks, the dollar weakened after comments on Monday from a US Federal Reserve official.

St Louis Fed President James Bullard told CNBC that the dollar index was not far from fair value. He added that it was uncertain by how much more the dollar would rise against the euro.

The currency fell by 1.23% against the euro, making a dollar worth €0.9129.

Among individual shares, Pfizer rose 2.3% after it said that it and Eli Lilly would restart late-stage testing for the painkiller Tanezumab. This came after the US Food and Drug Administration lifted a partial hold on it.