Dow drops more than 500 points into the close after historic plunge in oil prices; European markets close slightly higher amid sliding US oil prices; BELEX closed on Monday
Stocks fell sharply to start the week on Monday after a historic decline in U.S. crude prices. The market was coming off its first back-to-back weekly gains in more than two months. The Dow Jones Industrial Average traded 552 points lower, or 2.3%. The S&P 500 slid 1.8%. (Click here for the latest market news.) Boeing fell more than 7% to lead the Dow lower while Chevron and Exxon Mobil dropped more than 4% each. Energy and utilities were the worst-performing sectors in the S&P 500, falling more than 3% each.  The Nasdaq Composite was down 0.5% as gains from stay-at-home plays offset other losses. Amazon and Netflix rose 2.2% and 4.8%, respectively, while Roku climbed more than 6%.

European stocks closed slightly higher on Monday as global coronavirus developments and a fall in U.S. oil prices were in focus. The pan-European Stoxx 600 pared earlier losses to close 0.4% higher provisionally, with sectors and major bourses mixed. Health care stocks saw the biggest gains, up 1.8%, while autos slipped 1%.
Looking at individual stocks, Italian hearing aid manufacturer Amplifon added almost 11% to lead the European benchmark, followed by Danish health care equipment manufacturer Ambu, which climbed almost 8%.
Philips was up more than 6% after the Dutch health technology company said it expected to return to growth in the second half of the year.
Source: CNBC, Ilirika