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The Economic Times
The Economic Times
Business

US stocks today: US stocks close lower as oil prices jump, indexes notch monthly gains

United States Kevin Warsh Oil US Federal Reserve Inflation Monetary Policy

U.S. stocks weakened on Monday, with Wall Street turning the ​page on a volatile month as a war-related jump in crude prices revived inflation fears and raised the likelihood of tighter monetary policy.

According to ​preliminary data, the ​S&P 500 lost 27.39 points, or ⁠0.36%, to end at 7,684.37 points, while the Nasdaq Composite lost 41.51 points, or 0.16%, to 26,360.91. The Dow Jones Industrial Average fell 380.22 points, or 0.71%, to 53,179.77.

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