Stocks plummet after oil prices collapse

U.S. stocks were shaken deeply into red Monday after oil traders desperate to unload near-term contracts for ir vital commodity sold at a loss.

Oil prices plunged below zero, latest never-before-seen number to come out of ecomic coma caused by coronavirus pandemic.

A barrel of benchmark U.S. oil for May delivery fell to negative $37.60 per barrel as traders sought to avoid owning crude oil with where to store it.

Prices for or oil contracts also plummeted as stor facilities for crude approach ir limits.

Dow Jones Industrials fell 2.44% or 592 points. S&P 500 fell 1.8%, giving up some of big gains from its first back-to-back weekly gain since February.