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Europe’s benchmark Stoxx Europe 600 index was 1.4% lower on Monday morning. Germany’s DAX and France’s CAC both fell 1.9%, while London’s FTSE 100 was trading 1.3% lower on the day.
After dropping by around 800 points in the morning, the Dow recouped its losses before plunging at the end of trading to close lower by around 670 points, or 1.55%, at 42,521.
On Monday, gold futures gained more than 1.5% to hover below $2,900. The precious metal rebounded from a loss of roughly 3% last week, when a strong US dollar weighed on the commodity.
U.S. West Texas Intermediate crude futures surged $2.19 (3%) on Monday morning to $74.72, hitting their highest point since Jan. 24 at $75.18 before cooling off at $72.49 later in the afternoon.
The pan-European STOXX 600 index fell 1.3% in morning trading, set for its biggest one-day slide this year and futures for Wall Street's S&P 500 fell 1.4%. ... Financial market reaction on Monday ...
US stocks were set for a steep selloff Monday morning after a surprise advancement ... S&P 500 futures were on pace to fall 2.4% at the market open, and the tech-heavy Nasdaq was set to open 4.2% ...
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