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.
Leave a Reply
You must be logged in to post a comment.