Wall Street Re-Cap

On Wall Street, stocks fluctuated over the course of the trading day on Monday but largely maintained a negative bias throughout the session. The major averages gave back ground following the strong upward move seen on Wall Street last week.

The major averages ended the session in negative territory but off their worst levels of the day. The Dow slid 201.94 points or 0.6 percent to 34,552.99, the Nasdaq fell 55.38 points or 0.4 percent to 13,838.46 and the S&P 500 edged down 1.94 points or less than a tenth of a percent to 4,61.18.

Meanwhile, the major European markets turned mixed on the day. While the U.K.’s FTSE 100 Index rose by 0.5 percent, the German DAX Index and the French CAC 40 Index both fell by 0.6 percent.

Crude oil prices hit a two-week high on Monday amid concerns over the ongoing invasion of Ukraine and on expectations the EU might impose a ban on Russian oil. West Texas Intermediate Crude oil futures for April ended higher by $7.42 or 7.1 percent at $112.12 a barrel.

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