However, with gasoline futures up in anticipation of reduced supply and higher prices, shares of refiners were on the rise: CVR Energy soared 4.6 percent and Marathon Petroleum rose 1.6 percent while Valero Energy Corp rose 1.1 percent.
"What it tells you is a slight risk-off trade".
S&P 500 e-minis were up 3.75 points, or 0.15 percent, with 128,391 contracts traded.
"There tends to be initially a knee-jerk reaction and people react to the human side and the energy disruption, but that eases soon", said Jim Paulsen, chief investment strategist at The Leuthold Group in Minneapolis, of the market's reaction to the major storm and its aftermath.
Harvey has knocked out a quarter of oil production from the Gulf of Mexico, prompting fears it could overturn years of excess USA oil capacity and low prices.
The October crude contract shed $1.30 to US$46.57 per barrel while the December bullion contract climbed $17.40 to US$1,315.30 an ounce.
USA economic growth had more than halved in the quarter after Hurricane Katrina mauled Louisiana in August 2005.
Lions sign Matthew Stafford to historic five-year contract extension
The NFL's current highest paid player is Oakland Raiders quarterback Derek Carr , who makes roughly $25 million per season. In three playoff games, Stafford has thrown four touchdowns, three interceptions with a 63.2% completion percentage.
Court orders permanent forfeiture of Diezani's N7.6bn loot
The court ordered on Monday that the money in her local bank accounts be confiscated as investigations of corruption are ongoing. The civil forfeiture complaint noted that the duo had lobbied Alison-Madueke to win oil production contracts worth $1.5bn.
Israeli President Urges UN Chief to End Anti-Israel Discrimination in UN
"[Iran] is also building sites to produce precision-guided missiles towards that end in both Syria and in Lebanon ". The UN chief is on a three-day trip to Israel and the Palestinian territories.
But other sectors, such as home improvement chains, were expected to benefit: Home Depot shares climbed nearly 1.2% and Lowe's was up 0.6%.
At 10:56 a.m. ET (1456 GMT), the Dow Jones Industrial Average was down 9.76 points, or 0.04 percent, at 21,803.91, the S&P 500 was up 2.74 points, or 0.11 percent, at 2,445.79. The Nasdaq Composite added 20.40 points, or 0.33 percent, to 6,286.05.
Shares of Kite Pharmaceuticals soared 28.94 percent after Gilead Sciences agreed to buy the immunotherapy developer in an all-cash deal valued at $11.9 billion.
Oil majors Exxon XOM.N and Chevron CVX.N were down 0.3 percent and 0.4 percent respectively.
Some of the heaviest declines were seen at insurance companies: The Travelers Co fell nearly 2.6%, while Progressive Corp dropped 2.25%. Volume was 6.1 million versus the daily average of 1.77 million shares.
Advancing issues outnumbered decliners on the NYSE by 1,717 to 790. On the Nasdaq, 1,387 issues rose and 1,282 fell.