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Oil prices had lost around 5% on Monday alone.
U.S. stocks ended Monday’s session with losses for the second straight trading day. Energy, technology and financials, which collectively comprise nearly half of the S&P 500, led the losses. Oil futures plunged Monday, with the U.S. benchmark trading below the $46-a-barrel threshold.
European stocks rise Tuesday, with a jump by retail stocks aiding the pan-European equity index.