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Stocks open lower as jump in oil prices rattles investors


Monday, 16 September 2019 20:52 WIB

Standard & Poor's 500Saham AS


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Stocks opened lower Monday, after oil prices jumped sharply in the wake of a weekend attack on Saudi Arabia's largest oil facilities knocked out more than half of the kingdom's production.

The Dow Jones Industrial Average fell 97.22 points, or 0.4%, to 27,122.30, while the S&P 500 was off 12.68 points, or 0.4%, at 2,994.71. The Nasdaq Composite lost 53.45 points, or 0.7%, to trade at 8,123.27. Oil futures soared, with Brent crude up more than 10% and West Texas Intermediate crude rising 9.7%.

Source: Marketwatch


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