The Dow Jones Industrial Average fell 250 points on Monday as oil prices continue to surge and investors await third-quarter earnings from major banks later this week.
Oct.11 (UPI) — U.S. markets dipped on Monday as oil prices surged and investors await third-quarter earnings. The Dow Jones Industrial Average fell 250.19 points, or 0.72%, while the S&P 500 dropped 0.62% and the Nasdaq Composite declined 0.64%. U.S. West Texas Intermediate crude oil rose to $82 per barrel at its session high before settling at $80. Energy stocks rose along with oil prices in early trading but some turned over later in the day with Exxon Mobil stock falling 1% and Chevron declining 0.87%. The 10-year treasury yield lingered around 1.
