S&P 500, Dow Close Lower as Oil Prices Rally – Barron’s

The U.S. stock market fell on Monday, as higher commodity prices and bond yields weighed on stocks. Merck & Co. (MRK) also submitted its request to the Food and Drug Administration for emergency use authorization for a Covid-19 pill.  

The Dow Jones Industrial Average dropped 249 points, or 0.7%. The S&P 500 fell 0.7% and the Nasdaq Composite declined 0.6%. All three indexes had wavered between gains and losses throughout the day, as traders weighed the extent of the commodity rally against the positive Covid news. 

Overall,…

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