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Wall Street retreats as crude slump batters Exxon, Chevron

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A slide in energy stocks weighed on Wall Street on Monday as crude prices crashed at the start of a week packed with quarterly earnings reports and economic data likely to underline the damage from the coronavirus outbreak.

The S&P 500 energy index shed 2.8% and was on track for its sixth slide in seven sessions as the U.S. West Texas Intermediate (WTI) contract fell 35% to its lowest since 1998 on concerns of oversupply.

Exxon Mobil Corp and Chevron tumbled more than 3% and were among the biggest decliners on the blue-chip Dow Jones index. All the major S&P 500 sub-indexes were trading lower, but declines on the Nasdaq were limited by Amazon.com Inc and Netflix Inc - deemed "stay-at-home" stocks as widespread lockdowns fueled demand for

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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