Wall Street Suffers Losses over Global Economy Worries
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JaysonPhotography/iStock/Thinkstock(NEW YORK) — Energy stocks rose on Monday, but not by enough to counter drops elsewhere over worries about the global economy.
The Dow Jones Industrial Average finished the session on Monday at 17,729.21, down 95.08 from its open.
The Nasdaq finished down by 18.39 to close at 4,726. 01. The S&P 500 also fell, dropping 8.73 points to close at 2,046.74.
Stocks closed lower on weak trade data out of China, and additional worries over Greece’s finances.
Energy stocks bucked the downward trend, edging slightly higher as investors responded to a two percent increase in the price of oil to $52.86 a barrel on the N.Y. Mercantile Exchange.
A major trade deal announced on Monday will have European beef sold in the U.S. for the first time since the 1998 ban because of mad cow disease.
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