Stocks are mixed after Wall Street pares losses; oil plunges

A board at the Hong Kong Stock Exchange Monday. (AP Photo/Vincent Yu)
Therese Fischer reports from The Edge Newsroom

Stocks are mixed in midday trading after Wall Street trimmed its sharp losses from earlier in the morning following another collapse in the price of oil.

The S&P 500 started Monday with a drop of 1.6%, but it trimmed that down to 0.3% shortly before noon, Eastern time. The Dow industrials were also down, but the Nasdaq composite was up slightly.

More buoyant gains for Netflix, Amazon and other stay-at-home winners in the coronavirus pandemic helped limit the market’s losses.

Crude prices are plummeting amid concerns that storage facilities are close to being full.

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