Newspaper article St Louis Post-Dispatch (MO)

Stocks Slip as Oil Skids 6 Percent, Hitting Energy Companies

Newspaper article St Louis Post-Dispatch (MO)

Stocks Slip as Oil Skids 6 Percent, Hitting Energy Companies

Article excerpt

NEW YORK * U.S. stocks fell Monday as the price of oil slumped again, giving up some of the ground it gained late last week. That forced energy companies lower.

The stock market opened lower and stayed in the red all day. The selling accelerated in the last hour of trading. The biggest losses came in the energy sector and companies that make chemicals and paper goods.

The Dow Jones industrial average fell 208.29 points, or 1.3 percent, to 15,885.22. The Standard & Poor's 500 index shed 29.82 points, or 1.6 percent, to 1,877.08. The Nasdaq composite index lost 72.69 points, or 1.6 percent, to 4,518.49.

Plunging oil prices have been slashing profits at energy companies and getting investors worried that the global economy is slowing down. …

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