Stocks are closing lower on Monday as big tech companies like Apple and Microsoft make losses
Stocks are closing lower on Monday as big tech companies like Apple and Microsoft are making losses.
The S&P 500, the Dow Jones Industrial Average and the tech-heavy Nasdaq all fell. Meanwhile, the price of US oil rose to its highest level since 2014, as OPEC and allied oil producers stuck to a cautious output growth plan despite rising global demand for crude.
The S&P 500 fell 56.58 points, or 1.3%, to 4,300.46.
The Dow Jones Industrial Average fell 323.54 points, or 0.9%, to end at 34,002.92.
The Nasdaq fell 311.21 points, or 2.1%, to 14,255.48.
The Russell 2000 Index of Small Companies fell 24.16 points, or 1.1%, to 2,217.47.
for the year:
The S&P 500 is up 544.39 points, or 14.5%.
The Dow is up 3,396.44 points, or 11.1%.
The Nasdaq is up 1,367.20 points, or 10.6%.
The Russell 2000 is up 242.62 points, or 12.3%.