U.S. equities kicked off the week with a broad, steep selloff as market participants monitored the continued decline in U.S. oil markets, which saw the commodity dip below $50 barrel for the first time in five-and-a-half years, and as traders monitored instability in the eruozone. According to preliminary calculations, the Dow Jones Industrial Average plunged 326 points, or 1.83% to 17505. The S&P 500 lost 37 points, or 1.18%, dropping to 2020, while the Nasdaq dropped 74 points, or 1.57% to 1652. All 10 S&P 500 closed in negative territory, with energy dropping 3.96%.
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