U.S. equity markets ended the session mixed after New York City Mayor Bill de Blasio warned the city could see a full shutdown in the weeks ahead due to a surge in COVID-19 infections and as OPEC cut its oil demand forecast.


"We’re seeing the kind of level of infection with the coronavirus we haven’t seen since May and we have got to stop that momentum – or else our hospital system will be threatened," de Blasio told CNN. Separately, Boston Mayor Marty Walsh announced the city is rolling back to Phase 2, Step 2 effective Wednesday, which will close gyms and fitness centers, along with theaters and museums, for around three weeks.

The Dow Jones Industrial Average ended down over 186 points or 0.62%, paring an early gain of as much as 270 points that came as the first batch of COVID-19 vaccines were delivered and as bipartisan stimulus deal talks showed signs of progress.

Join BJL on WhatsApp Status: Click here to Join BJL status for engagements, births, deals, levayos, events & more

Join BJL on WhatsApp Groups: Click here to Join an official BJL WhatsApp group for breaking news as it happens

The S&P 500 also fell, ending 0.44% lower as energy stocks tumbled after OPEC trimmed its 2021 demand forecast by 350,000 barrels per day. The cartel sees demand rising by 5.9 million bpd next year to 95.89 million.

The tech-heavy Nasdaq Composite outperformed, rising 0.5%, as stay-ay-home stocks like Zoom Technologies pared their early losses.

Tesla Inc., which will be added to the S&P 500 on Friday, was among the index's leaders. Read more at FOX Business