Stocks Tumbled at Close, Oil Futures Fell

U.S. stocks ended sharply lower on Monday, with the S&P 500 posting longest losing streak since February, as concerns over stagnating coronavirus case improvement stoked fears of more lockdowns. The Dow Jones Industrial Average slid 509.72 points, or 1.84%, to 27,147.70. The S&P 500 declined 38.41 points, or 1.16%, to 3,281.06. The Nasdaq Composite edged down 14.48 points, or 0.13%, to 10,778.80.

Oil futures fell Monday, sending U.S. prices down by more than 4%, on expectations Libyan crude will soon return to the market, while worries over a rise in European COVID-19 cases and a global equity market selloff added to the negative tone. West Texas Intermediate crude for October delivery fell $1.80, or 4.4%, to settle at $39.31 a barrel. November Brent crude shed $1.71, or 4%, to $41.44 a barrel.