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Stocks closed lower on Wall Street, breaking a nine-day winning
streak. Crude prices fell to a four-year low Monday after the
OPEC+ group of oil-producing nations said it plans to increase
output.
The S&P 500 slid 0.6%. The Dow Jones Industrial Average fell
0.2%. Drops in Big Tech stocks like Apple helped pull the Nasdaq
composite down 0.7%.
Berkshire Hathaway slumped after legendary investor Warren
Buffett announced over the weekend that he would step down as
CEO by the end of the year after six decades at the helm.
On Monday:
The S&P 500 fell 36.29 points, or 0.6%, to 5,650.38.
The Dow Jones Industrial Average fell 98.60 points, or 0.2%, to
41,218.83.
The Nasdaq composite fell 133.49 points, or 0.7%, to 17,844.24.
The Russell 2000 index of smaller companies fell 16.48 points,
or 0.8%, to 2,004.26.
For the year:
The S&P 500 is down 231.25 points, or 3.9%.
The Dow is down 1,325.39 points, or 3.1%.
The Nasdaq is down 1,466.55 or 7.6%.
The Russell 2000 is down 225.90 points, or 10.1%.
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