Stocks Declined as Investors Digested Global Outlook

U.S. stocks opened lower on Monday, after concerns of escalating trade tensions and slowing global growth sent equities reeling last week. The Dow Jones Industrial Average lately fell 192.45 points, or 0.79%, to 24,196.50. The S&P 500 was down 18.17 points, or 0.69%, to 2,614.91. The Nasdaq Composite declined 21.37 points, or 0.31%, to 6,947.88.

Oil futures churned lower on Monday in a bout of consolidation after an announced OPEC-led production cut on Friday triggered a rally in prices for the session and the week. West Texas Intermediate crude for January delivery fell 74 cents, or 1.4%, to $51.89 a barrel. Global benchmark February Brent crude fell 61 cents, or 1%, to $61.06 a barrel.