Wall Street Down Again as Oil Prices Continue to Drop
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iStock/Thinkstock(NEW YORK) — A difficult December for Wall Street continued on Monday with all three major indices finishing the session in the red.
The Dow Jones Industrial Average finished at 17,180.84, down 99.99.
The Nasdaq dropped 48.44 to 4,605.16, while the S&P 500 slipped 12.7 to 1,989.63.
The price of oil continued to drop on Monday, having fallen more than 40 percent since June. Energy analyst Phil Flynn said the drop in prices is beginning to weigh “not only on the stock market, but [on] the growth of the U.S. economy.”
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