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 European stocks end sharply lower Monday as investors wrestle with the latest developments tied to Italy's contentious budget plan and Britain's negotiation's to strike a trade pact, as that country's leaders plot to leave the European Union.
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CNBC
U.S. stocks fell on Monday as a decline in Apple shares, a strong dollar and lingering worries about global trade offset positive news on the dealmaking front. The Dow Jones Industrial Average fell 400 points. The tech-heavy Nasdaq Composite pulled
Tech Giants Slide, Pulling US Stock Market Sha
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 Stock benchmarks on Monday got hammered, amid a chorus of worries, including oil-price swings, worries and fears of weakening global growth. Those combined with a buoyant U.S. dollar to knock all three equity indexes sharply lower, with concerns about trade spats between the U.S. and China remaining on the forefront of investors' minds. The Dow finished 602 points, or 2.3%, lower at 25,387, the S&P 500 index closed off 2% at 2,726, while the Nasdaq Composite Index finished the session with steepest decline, down 2.8% at 7,201. All three benchmarks saw their worst day since Oct. 24, according to FactSet data. Shares of Apple were among the biggest sources of weakness in the broader market as the iPhone maker saw a series of reports questioning its production headed into the holidays. Shares of the Cupertino, Calif.-based tech giant ended the day down 5%. Meanwhile, shares of Goldman Sachs Group Inc. tumbled 7.5%, marking its worst daily loss since June 24 of 2016 and wiping 112 points from the Dow industrials. Elsewhere, the dollar, as measured by the ICE U.S. Dollar Index touched its highest level since June of 2017 and crude-oil reversed course and marked its 11th straight decline after President Donald Trump tweeted that prices of crude were still too high.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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The Dow Jones Industrial Average ended Monday trade near session lows, amid a firming U.S. dollar. Last week, investor sentiment was buffeted by a rapid decline in crude-oil prices , which fell into bear-market territory, defined as a drop from a recent peak of at least 20%. And while that decline has stabilized somewhat, with the Organization of the Petroleum Exporting Countries considering cuts to production to address rising crude-oil inventories, a new problem appears to be knocking stocks around. Some market participants were attributing a rise in the dollar to a roughly 1 1/2-year high as one of the key factors producing fresh headwinds for the broader market. A popular gauge of the buck, the ICE U.S. Dollar Index was trading up 0.5% at 97.43, representing its highest level since June of 2017, according to FactSet data. A stronger dollar can hurt sales of multinational companies, making goods relatively more expensive to customers purchasing abroad. Meanwhile, the bond market was closed in observance of Veterans Day. Most recently, the Dow ended down 602 points, or 2.3%, at 25,387. Meanwhile, the S&P 500 index closed off 2% at 2,726, while the Nasdaq Composite Index wrap up the session with a 2.8% drop to reach 7,200. To be sure, a decline in shares of Apple Inc. after a series of negative reports on its holiday shipping also was weighing on technology and internet-related stocks and the broader market. A sharp decline in shares of Goldman Sachs Group Inc. also delivered a hefty 112-point blow to the Dow, and weighed on the broader market.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. oil futures turned lower in Monday dealings, reversing course after discussions among major oil producers over a potential reduction in crude output had pulled prices higher. A lower settlement for the U.S. benchmark would mark its eleventh in a row and longest streak of session declines on record for a front-month futures contract. Oil prices had turned lower before U.S. President Donald Trump said in a tweet that he hopes Saudi Arabia and OPEC won't cut oil production and said oil prices should be much lower based on supply. December West Texas Intermediate oil was down 14 cents, or 0.2%, to trade at $60.05 a barrel on the New York Mercantile Exchange.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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U.S. stocks opened lower Monday as investors wrestled with developments in the oil industry. Bond markets, meanwhile, were closed in observance of Veterans Day. The Dow Jones Industrial Average fell 106 points, or 0.4%, at 25,877, the S&P 500 index edged 0.5% lower at 2,766, while the technology-laden Nasdaq Composite Index traded 1% lower at 7,329 at the open. Crude-oil prices , which have weighed the broader market sentiment, were trading firmly higher after the Organization of the Petroleum Exporting Countries, said if current supply and demand levels don't shift, it would advocate a production cut of around 1 million barrels a day. Swing producer Saudi Arabia, meanwhile, pledged to reduce crude output after U.S. oil prices fell into a bear market, defined as a drop of at least 20% from a recent peak. Meanwhile, the dollar jumped to its highest level in a year-and-a-half, partly on the back of expectations for higher U.S. interest rates. In corporate news, SAP SE agreed to purchase Qualtrics International Inc. for $8 billion in cash.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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CNBC
The Dow Jones Industrial Average fell 400 points on Monday after a big decline in Apple shares, a rise in the U.S. dollar and lingering worries about global trade weighed on investor sentiment. The tech-heavy Nasdaq Composite pulled back 2.2 percent
Tech Giants Slide, Pulling US Stock Market Sharply Lower
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President Donald Trump is planning on meeting with his trade team on Tuesday to discuss a draft report on tariffs, according to Bloomberg News.
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