European markets finished in negative territory on Monday as a renewed slip in oil prices weighed on investor sentiment. Despite a positive open, the pan-European STOXX600 reversed early gains to close down some 0.62% to 336.27 . In Frankfurt, the DAX 30 ended 0.29% lower at 9,736.15. In London, the commodities-heavy FTSE 100 dipped 0.39% t0 5677. In Paris, the CAC 40 fell 0.58% to 4,311.33.
US stocks slide as energy prices tumble. The S&P 500 lost 29.83 points, or 1.56%, to close at 1,877.08. The Dow Jones Industrial Average dropped 208.29 points, or 1.29%, to end at 15,885.22. The Nasdaq Composite settled down 72.69 points, or 1.58%, at 4,518.49.
Oil hits commodity stocks.U S Crude settled down $1.85, or 5.75 percent, at $30.34 a barrel, and later fell further to $29.71 per barrel. Brent Crude the global benchmark, was last down $2.47 at $30.03 a barrel, losing about 6 percent.
Gold climbs amid renewed stimulus hopes. Gold for February delivery on the Comex division of the New York Mercantile Exchange was last up $9.30 or 0.9 percent to $1,105.60 per ounce. Comex silver for March settlement rose 18.8 cents or 1.3 percent to $14.245 per ounce.