The Closing Bell 🔔

The Dow sinks 62 points as oil slides into a 🐻 market. Nasdaq down 0.8%.

It’s a crude world out there: The market took a tumble after oil prices tanked to $42.75 a barrel in this bear market — down 23% since January. Chipotle shares sunk 6%. Customers have been flocking back after the restaurant chain’s e. coli drama, but the market tumble is making Wall Street wonder if it can ever truly recover. But good news: Despite struggles in the energy industry, the stock market seems mostly unshakable as investors fully embrace the new rally.