Stocks fell Monday after oil prices collapsed to below zero for the first time as demand for crude has dried up and Wall Street prepped for a busy week of corporate earnings.
U.S. stocks were shaken deeply into the red Monday after oil traders desperate to unload near-term contracts for their vital commodity sold at a loss.
The Dow Jones industrial average closed down more than 595 points, 2.5 percent, to finish the day at 23,646.60. The broader Standard & Poor’s 500 index fell 51 points, or 1.8 percent, while the tech-heavy Nasdaq slid 89 points, or roughly 1 percent.
What's happening in Tunisia?
Subscribe to our Youtube channel for updates.
