The stock market slumped on Monday as the S&P 500 ended lower by 0.7% with seven sectors in the red. Equity markets around the world started the new week on a mostly lower note. However, continued hopes for stimulus from the PBoC sent China’s Shanghai Composite higher by 2.8% to extend its gain over the past month to 25.0%.
693 stocks were down 4% or more for the day, 259 were oil & gas related names.