After a two-day rally on the Wall Street, United States stocks showed a decline on Tuesday amid the drop in oil process.

Popular accessory and handbag retailer Kate Spade & Co. had traders scurrying to make a sale following its 25.4 percent drop in shares.

The company closed at US$29 per share and had a total of US$52 million shares traded.

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Kate Spade & Co. said its sales were better-than-expected, which had raised the company's stock to a seven-year-high at $42.87 in early trading.

The S&P 500 energy sector index (SPNY) dropped to 0.7 percent in corcordance with the decrease in oil prices. The shares of Southwestern Energy Co (SWN.N) dropped 2.8 percent to US$38.21 per share and Consol Energy Inc (CNX.N) shares fell 2.4 percent to US$39.49. The two stocks had the biggest drops in the S&P energy index.

With regards to percentage drops, reports showed that Forest Oil Corp. (FST.N) and Comstock Resources Inc. (CRK.N) biggest percentage losers, according to the S&P energy index.

Forest Oil's share suffered an 8.5 percent decrease at US$1.83 and Comstock Resources shares decreased by 5 percent at US$23.56.

Chevron Corp (CVX.N), also decreased by 0.5 percent at US$127.09.

The average amount of shares to be traded within five days is $6 billion, however, when the stocks closed on Tuesday, the average traded shares were only about US$4 billion.

Meanwhile, shares of Tekmira Pharmaceuticals Corp (TKMR.O), the Canadian biotech company which developed an experimental drug for the Ebola virus, fell 21.8 percent to US$18.61. ...

TagsWall Street, declining stock