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Home News

Wall Street Falls as Crude Slump Hammers Energy Stocks

Reuters by Reuters
April 20, 2020 at 9:50 am
in News
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Wall Street Falls as Crude Slump Hammers Energy Stocks

Carlo Allegri/Reuters

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Wall Street fell at the open on Monday as energy shares took a hit from a crash in oil prices, with investors bracing for a week packed with earnings reports and economic data that could provide more evidence of the damage wrought by the coronavirus.

The Dow Jones Industrial Average <.DJI> fell more than 2% minutes after opening down 147.39 points, or 0.61%, at 24,095.10.

The S&P 500 <.SPX> opened lower by 28.94 points, or 1.01%, at 2,845.62, while the Nasdaq Composite <.IXIC> dropped 96.77 points, or 1.12%, to 8,553.38 at the opening bell.

(Reporting by C Nivedita in Bengaluru; Editing by Anil D’Silva)

Tags: Coronavirus OutbreakEconomy
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