Wall Street cedes Ground as oil Decline Deepens

Wall Street fell on Monday, hurt by a steep drop in oil prices as well as a dip in Apple shares, pushing the S&P 500 back into negative territory for 2015. 

The S&P 500 energy sector lost 1.79 percent, easily the poorest performer as a 3 percent drop in oil prices led investors to unload shares of Exxon Mobil, down 0.73 percent, and Chevron, which fell 1.84 percent. 

US stock indexes have closely tracked crude prices in the past several weeks.


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