U.S. stocks accelerated declines in the last trading hour to finish the day sharply lower on Monday. A renewed rout in oil prices hit energy and materials shares, with the sectors losing 4.5% and 3.3% respectively. Financials also sold off on Monday, falling 2.3%. The S&P 500 closed 29.83 points, or 1.6%, lower at 1,877.07. The Dow Jones Industrial Average fell 208.29 points, or 1.3%, to 15,885.22. Meanwhile, the Nasdaq Composite ended the day down 72.69 points, or 1.6%, at 4,518.49.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
From:: Stock Market News