Wall Street drops on oil price crash, earnings anxiety; Dow falls over 1%

US stocks headed lower on Monday following a strong two-week rally as oil prices crashed, while investors turned cautious over what is expected to be a disappointing week for earnings and economic data. Energy stocks shed 1.

9% and were on track for their sixth slide in seven sessions as the front-month May US West Texas Intermediate (WTI) contract plunged more than 50% to its lowest price on record on storage concerns. Although energy stocks have far smaller weightage on US equity indexes when compared with technology or financial shares,.

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