Stocks fall on tech slide, oil hits highest level since 2014
By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers
Stocks fell in afternoon trading Monday as Wall Street comes off its worst week since winter. The S&P 500 fell 1.4% while the tech-heavy Nasdaq dropped 2.2%. Technology and communications stocks fell. The price of U.S. oil rose above $77 per barrel for the first time since 2014 as OPEC stuck to a plan for cautious production increases. Rising energy prices helped oil companies gain ground. Tesla rose 1.2% after the electric vehicle maker reported surprisingly good third-quarter deliveries. The yield on the 10-year Treasury note rose to 1.48% from 1.47% Friday.
