Another day of big losses knocked U.S. stocks to their lowest levels in more than a year Monday. Investors dumped high-growth technology and retail companies as well as steadier, high-dividend companies. Oil fell below $50 a barrel for the first time since October 2017.
On Monday:
The S&P 500 index sank 54.01 points, or 2.1 per cent, at 2,545.94.
The Dow Jones Industrial Average retreated 507.53 points, or 2.1 per cent, to 23,592.98.
The Nasdaq composite tumbled 156.93 points, or 2.3 per cent, to 6,753.73.
The Russell 2000 index shed 32.67 points, or 2.3 per cent, to 1,378.14.
For the year:
The S&P 500 is down 127.67 points, or 4.8 per cent.
The Dow is down 1,126.24 points, or 4.6 per cent.
The Nasdaq is up 149.66 points, or 2.2 per cent.
The Russell 2000 is down 157.37 points, or 10.2 per cent.
The Associated Press
