Dow Drops 79 Points and Oil Is the New Fear
S&P 500 futures have fallen 0.4%, while Dow Jones Industrial Average futures have declined 79 points, or 0.3%. Nasdaq Composite futures have dropped 0.7%.
It seems like every day adds a new worry. This morning, it is threats from Saudi Arabia to drive up the price of oil if the U.S. decides to punish it for the disappearance-and presumed death -of dissident Jamal Khashoggi. Saudi Arabia's King Salman is reported to have ordered a probe into the case. WTI crude oil, the U.S. benchmark has gained 0.6% to $71.76.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.