This is AI generated summarization, which may have errors. For context, always refer to the full article.
Still oil prices settled lower on Monday, as recession fears led to demand concerns, but declines were buffered by worries that escalating Middle East conflict could hit crude supplies. “It’s become the biggest target because it was the best performer and that’s probably the easiest spot for traders to take their profits.”
On Wall Street, the Dow Jones Industrial Average fell 1,033.99 points, or 2.60%, to 38,703.27, the S&P 500 lost 160.23 points, or 3%, to 5,186.33, and the Nasdaq Composite lost 576.08 points, or 3.43%, to 16,200.08. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.46% to 102.68.