Wall Street Falls as Crude Slump Hammers Energy Stocks
Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a week packed with earnings reports and economic data that could provide more evidence of the…
Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a week packed with earnings reports and economic data that could provide more evidence of the damage wrought by the coronavirus.
The Dow Jones Industrial Average <.DJI> fell more than 2% minutes after opening down 147.39 points, or 0.61%, at 24,095.10.
The S&P 500 <.SPX> opened lower by 28.94 points, or 1.01%, at 2,845.62, while the Nasdaq Composite <.IXIC> dropped 96.77 points, or 1.12%, to 8,553.38 at the opening bell.
(Reporting by C Nivedita in Bengaluru; Editing by Anil D’Silva)