Stocks close lower for a fourth day as recession angst dashes hope of year-end rally; European stocks close higher as investors assess interest rate outlook 
Stocks fell Monday as recession fears mounted and investors worried time is running out for a year-end rally. 
The Dow Jones Industrial Average shed 162.92 points, or 0.49%, to close at 32,757.54. The S&P 500 fell 0.90% to 3,817.66, and the Nasdaq Composite shed 1.49% to 10,546.03, weighed down by shares of Amazon, which slipped 3.35%. 
Stocks fell Monday as recession fears mounted and investors worried time is running out for a year-end rally. 
Disney fell 3.6% after its film, “Avatar: The Way of the Water” fell short of box office expectations. The highly-anticipated movie brought in $134 million, less than the $175 million expected by analysts and under the $135 million to $150 million range Disney had forecast.  
Jefferies upgraded shares of Moderna to buy from hold, saying a promising new cancer vaccine from the pharmaceutical company has renewed interest in the stock. 

The Stoxx 600 closed 0.25% higher, with all major bourses ending in positive territory. Oil and gas stocks led gains, finishing trade up 1.7%, followed by insurance stocks, which were up 0.7%. 
Volkswagen shed 10.6%. Investors appeared disgruntled by the announcement Friday that CEO Oliver Blume would lead both Volkswagen and Porsche for the “long term.” Meanwhile German autos and arms manufacturer Rheinmetall fell 7%. 
Source: CNBC, Investing.com