S&P Market News Update

U.S. stocks suffered their biggest one-day slide in nearly seven weeks on Monday as a withering selloff among energy companies, which closely tracked oil’s continued price slide, dragged down key benchmark indexes.

S&P 500 SPX, -0.73%  closed 15 points, or 0.75, at 2,060.31. Losses were led by energy companies, as the sector dropped 3.9%. Materials, industrials and technology sector stocks also sold off, while defensive sectors such as utilities and health care drew buyers.

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