How the Dow Jones industrials fared on Monday
The Associated Press
Jan. 12, 2015
Energy companies led a decline on the stock market as crude oil continues to tumble. The price of oil dropped another 5 percent Monday to $46 a barrel. That's far below its recent peak of more than $100 a barrel last June. The slump means much lower profits for energy companies, even though consumers benefit by paying less for gas.
The Dow Jones industrial average fell 96.53 points, or 0.5 percent, to 17,640.84.
The Standard & Poor's 500 index shed 16.55 points, or 0.8 percent, to 2,028.26
The Nasdaq composite lost 39.36 points, or 0.8 percent, to 4,664.71.
For the year:
The Dow is down 182.23 points, or 1 percent.
The S&P 500 index is down 30.64 points, or 1.5 percent.
The Nasdaq is down 71.35 points, or 1.5 percent.