Saudi-Venezuela: The S&P 500 slid 26.61 points, or 1.42 percent, to 1,853.44, according to Xinhua China. The Nasdaq Composite Index dropped 79.39 points, or 1.82 percent, to 4,283.75. The Dow Jones Industrial Average lost 177.92 points, or 1.10 percent, to 16,027.05. Oil prices plunged on Monday, with the U.S. crude settled bellow 30 U.S. dollars a barrel again, as oversupply concerns dominated the market after a Saudi-Venezuela meeting during weekend failed to reach an agreement on actions to boost oil prices. Many analysts do not expect oil prices will recovery soon amid concerns about a slowdown in global growth. Oil prices have been traded near multi-year lows recently.
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