US benchmark indices fell and crude oil futures slumped after reports of an increase in crude oil production were reported in January, while Federal Reserve officials continued to call for further rate hikes and undermined investor sentiment.
The Nasdaq Composite fell 1% to 11,034.6, with the S&P 500 down 0.6% to 3,941.2 and the Dow Jones Industrial Average down 0.4% to 33,613.4 after midday Monday. Energy, consumer discretionary and technology were the largest detractors, while the consumer…
