U.S. stocks closed lower on Monday, as traders brace for the first presidential debate tonight between Hillary Clinton and Donald Trump. The Dow Jones Industrial Average dropped 166.62 points, or 0.1%, to 18,094.83. The S&P 500 shed 18.59 points, or 0.86%, to 2,146.10. The Nasdaq Composite fell 48.26 points, or 0.91%, to 5,257.49.
New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before. The Commerce Department said on Monday new home sales fell 7.6 percent to a seasonally adjusted annual rate of 609,000 units last month. Sales were up 20.6 percent from a year ago.
Deutsche Bank AB is pushing back against the U.S. Justice Department’s demand that it pay $14 billion to settle high- profile probes into its packaging of mortgages in the run-up to the financial crisis.
Crude-oil futures rebounded Monday, tacking on more than 3%, as traders placed their latest wagers on the possibility that major producers will make progress this week on a pact to limit production. November West Texas Intermediate crude climbed $1.45, or 3.3%, to settle at $45.93 a barrel. November Brent crude rose $1.46, or 3.2%, to $47.35 a barrel.
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