Stocks

Oil drops below $60 as China virus drives demand concern

Crude prices extended declines on Monday, dropping below $60 for the first time in nearly three months as the death toll from China's coronavirus rose and more businesses were forced to shut down, stoking expectations of slowing oil demand.

Stocks tumble as coronavirus spreads

The coronavirus, which originated in Wuhan, China, has sickened 830 and killed 26 in the country, according to the National Health Commission.