US stocks end lower, led by a slump in the energy sector, as the price of oil falls again

Markets Associated Press

Stocks are closing lower, led by a slump in energy stocks after the price of crude oil sank again.

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Exxon Mobil and Chevron were among the biggest decliners in the Dow Jones industrial average Monday.

McDonald's, another Dow component, fell 4 percent after reporting that a measure of global sales fell last month.

The Dow lost 106 points, or 0.6 percent, to 17,852.

The Standard & Poor's 500 index fell 15 points, or 0.7 percent, to 2,060. The Nasdaq composite fell 40 points, or 0.8 percent, to 4,740.

Benchmark crude oil dropped $2.79, or 4 percent, to $63.05 a barrel in New York, its lowest price in five years.

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Bond prices rose. The yield on the 10-year Treasury note fell to 2.26 percent.