The S&P 500 and the Dow Jones headed lower on Monday following a strong two-week rally as oil prices crashed and investors grew cautious at the start of a week that is likely to bring more dismal quarterly earnings reports and economic data.Energy stocks shed 0.9% and were on track for their sixth slide in seven sessions as the US West Texas Intermediate (WTI) contract fell more than 40% to its lowest since 1998 on concerns of oversupply.Monday, 20 April 2020
The S&P 500 and the Dow Jones headed lower on Monday following a strong two-week rally as oil prices crashed and investors grew cautious at the start of a week that is likely to bring more dismal quarterly earnings reports and economic data.Energy stocks shed 0.9% and were on track for their sixth slide in seven sessions as the US West Texas Intermediate (WTI) contract fell more than 40% to its lowest since 1998 on concerns of oversupply.
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