U.S. stocks declined Monday as oil fell to trade near lows for the year.
The Dow Jones industrial average faltered 93.03 points, to lead off the day and the week at 17,754.60, after a gain of more than 360 points on Friday. Chevron and Exxon Mobil weighed. The index fell back into negative territory for the year in intraday trade.
The S&P 500 shed 8.03 points to 2,083.66. Energy fell more than 3.5% as the greatest decliner in the S&P 500.
The NASDAQ index dropped 28.15 points to 5,114.13
The decline in oil prices came after the Organization of the Petroleum Exporting Countries failed on Friday to agree on a production curb to stem sliding prices and a stronger dollar made holding crude positions more expensive.
Prices for the 10-year Treasury gained, lowering yields to 2.25% from Friday's 2.28%. Treasury prices and yields move in opposite directions.
Oil prices ditched $1.20 a barrel to $38.77 U.S.
Gold prices demurred $8.99 to $1,077.45 U.S. an ounce.
Source: WallSt Money US Market Commentary
(December 7, 2015 - 10:38 AM EST)
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