Stocks Ended Sharply Lower, Dow Dropped over 600 Points
- Monday, May 13, 2019, 16:36
- Stock Market
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U.S. stocks finished sharply lower on Monday as the U.S. and China escalated their longstanding trade spat. The Dow Jones Industrial Average dropped 617.38 points, or 2.38%, to 25,324.99. The S&P 500 declined 69.53 points, or 2.41%, to 2,811.87. The Nasdaq Composite shed 269.92 points, or 3.41%, to 7,647.02.
Oil futures ended lower on Monday, as steep declines in the U.S. stock market fed an aversion to so-called riskier assets, which include oil. West Texas Intermediate crude for June delivery fell 62 cents, or 1%, to settle at $61.04 a barrel. July Brent crude lost 39 cents, or 0.6%, to $70.23 a barrel.
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