Wall Street ends 1% in the red as Facebook slumps

US stock indices closed the first session of the week higher, with Facebook leading the pack lower, after lawmakers in the US and European Union sent invites for CEO Mark Zuckerberg to explain how a consultancy company that worked on US President Donald Trump's campaign managed to reach the data of 50 million users, sending Facebook's share down 7% to March 2014 lows. 

Otherwise, Federal Reserve Bank of Atlanta President Raphael Bostic spoke about the future of community development at the National Interagency Community Reinvestment Conference, in Miami, earlier today, while markets await the Federal Reserve Open Market Committee's policy meeting this week, at which policymakers are expected to hike interest rates by 25 basis points. 

Dow Jones fell 1.35%, or 335.60 points to 24,610.91, while Standard and Poor's 500 tumbled 1.42%, or 39.09 points to 2,712.92, as NASDAQ Composite swooned 1.84%, or 137.74 points to 7,344.24. 

Gold futures due on April 15 rose 0.33% to $1,316.60 an ounce from the opening of $1,312.30, while the dollar index fell 0.37% to 89.89 from the opening of 90.23. 

US West Texas Intermediate futures fell 0.34% to $62.13 a barrel from the opening of $62.34, while Brent futures due on May 15 dipped 0.15% to $66.11 a barrel from the opening of $66.21.