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Wall Street slips as oil futures collapse

The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. (REUTERS/Carlo Allegri)

BY NOEL RANDEWICH

Wall Street stocks fell on Monday after U.S. crude futures turned negative for the first time in history, underscoring the chaos the coronavirus pandemic has unleashed on the global economy.

The Dow Jones Industrial Average <.DJI> fell 592.05 points, or 2.44%, to 23,650.44, the S&P 500 <.SPX> lost 51.4 points, or 1.79%, to 2,823.16 and the Nasdaq Composite <.IXIC> dropped 89.41 points, or 1.03%, to 8,560.73.

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