U.S. Stocks Pulling Back Sharply As Crude Oil Prices Rebound

(RTTNews) - Stocks have moved mostly lower during trading on Monday, moving back to the downside following the rebound seen during last Friday's session. The major averages have all slid into negative territory, with the tech-heavy Nasdaq leading the pullback. Currently, the major averages are just off their lows of the session. The Nasdaq is down 282.12 points or 1.1 percent at 26,050.91, the S&P 500 is down 62.26 points or 0.8 percent at 7,594.72 and the Dow is down 264.80 points or 0.5 percent at 52,308.49. The pullback on Wall Street comes amid a substantial rebound by the price of crude oil, with U.S. crude oil futures spiking by 3.7 percent after tumbling by 2.4 percent last Friday.