Stocks Tumble as Gold, Commodities Plunge

U.S. stocks finished at session lows on Monday, with the S&P 500 down more than 2 percent, as prices for  oil and other commodities fell sharply on concerns about slowing growth in China. The Dow Jones  Industrial Average fell 265.86 points, or 1.79%, to 14,599.20. The S&P 500 lost 36.49 points, or 2.30%,  to 1,552.36. The Nasdaq Composite fell 78.46 points, or 2.38%, to 3,216.49.

Oil futures settled with a loss of nearly 3% on Monday. May crude oil CLK3 -3.17% fell $2.58, or 2.8%,  to settle at $88.71 a barrel on the New York Mercantile Exchange after a low at $87.86.

Gold closed down 9.3% at its lowest level since February 2011 on Monday, and equities related to the  metal were feeling the wrath of traders.

Two explosions rocked the finish of the Boston Marathon on Monday, sending authorities out on the course  to carry away the injured while those still running were rerouted away from the site.

Ford Motor Co (F.N) Asia chief Dave Schoch confirmed the company can double its share to 6 percent of  the Chinese passenger vehicle market over the next three years as it rolls out a spate of new products.

A Missouri pension fund has sued JPMorgan Chase & Co (JPM.N) executives and board members over $6.2  billion in trading losses that were revealed last year, citing a recent U.S. Senate report that  criticized the bank’s management for failing to catch the bad trades.

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