Stocks are mixed after Wall Street pares losses; oil plunges

NEW YORK (AP) — Stocks are mixed in midday trading after Wall Street trimmed its sharp losses from earlier in the morning following another collapse in the price of oil. The S&P 500 started Monday with a drop of 1.6%, but it trimmed that down to 0.3% shortly before noon, Eastern time. The Dow industrials were also down, but the Nasdaq composite was up slightly. More buoyant gains for Netflix, Amazon and other stay-at-home winners in the coronavirus pandemic helped limit the market’s losses. Crude prices are plummeting amid concerns that storage facilities are close to being full.