U.S. Market Review

U.S. stocks are on a lower side today after the recent attack on Saudi Arabian crude facilities knocked. The result of it is a loss of 5% of the world’s supply and added to global growth worries.

The Dow Jones Industrial Average tumbled 73.46 points, or 0.27%, at the open to 27,146.06. The S&P-500 dropped by 10.98 points, or 0.37%, at 2,996.41.

Daw Jones ind avarage

The Nasdaq Composite declined 55.07 points, or 0.67%, to 8,121.64 at the opening bell.

Nasdaq Composite chart

West Texas Intermediate futures marked a massive gain after adding around  than 10% to trade at $60.07 per barrel. WTI briefly jumped around 15% overnight.

The sharp move higher comes after a series of drone strikes on Saturday knocked out about half of Saudi Arabia’s daily crude production.

U.S. government debt prices surged this morning as investors fled risk after attacks on Saudi oil production facilities escalated tensions in the Middle East.

At around 4:30 a.m. ET, the yield on the benchmark 10-year Treasury note retreated around 1.8572%, while the yield on the 30-year Treasury bond sunk to 2.3271%.