U.S. stocks pared sharp opening losses to finish nearly unchanged on Monday, breaking the weeks-long correlation with oil prices. The main indexes briefly turned positive after a late-afternoon rally, but finished roughly flat, despite a 6% drop in oil prices. The S&P 500 closed less than a point lower at 1,939.38. The Dow Jones Industrial Average closed 17.12 points, or 0.1%, lower at 16,449.18. Meanwhile, the Nasdaq Composite outperformed other indexes and ended the day up 6.41 points, or 0.1%, at 4,620.37.
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