Stocks closed broadly lower Monday as a spike in oil prices raised fresh worries about the strength of the global economy.
The U.S. and international benchmarks for crude oil each rose more than 14% after a weekend attack on oil facilities in Saudi Arabia. Shares in airlines and other fuel-dependent industries fell, while energy stocks, gold, bonds and other investments seen as less risky rose.
The S&P 500 fell 9.43 points, or 0.3%, to 2,997.96.
The Dow Jones Industrial Average slid 142.70 points, or 0.5%, to 27,076.82.
The Nasdaq lost 23.17 points, or 0.3%, to 8,153.54.
The Russell 2000 index of smaller company stocks rose 6.46 points, or 0.4%, to 1,584.60.
For the year:
The S&P 500 is up 491.11 points, or 19.6%.
The Dow is up 3,749.36 points, or 16.1%.
The Nasdaq is up 1,518.27 points, or 22.9%.
The Russell 2000 is up 236.04 points, or 17.5%.
Copyright © 2020 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.