Stocks Tumble, Led by Energy Stocks

U.S. stocks ended sharply lower on Monday, following last week’s sharp selloff, led by decline in energy stocks and the price of oil falls further. The Dow Jones Industrial Average dropped 223.03 points, or 1.35%, to 16,321.07. The S&P 500 fell 31.39 points, or 1.65%, to 1,874.74. The Nasdaq Composite shed 62.58 points, or 1.46%, to 4,213.66.

The highest-ranking bank regulators in the U.S. and U.K. met Monday morning in a suburb of Washington D.C.
to conduct a simulation of how they would handle the collapse of a major international bank.

Fiat Chrysler Automobiles (FCA) made its Wall Street debut to great fanfare on Monday, shifting the carmaker’s center of gravity away from Italy and capping a decade of canny dealmaking and tough restructuring by Chief Executive Sergio Marchionne.

Shares of Newlink Genetics Corp. (NLNK) surged Monday after Canadian health officials said they were beginning early-stage clinical trials on an Ebola vaccine that is licensed to the Ames, Iowa-based biotech.