US stocks close lower global economic slowdown concerns

2019-09-17 00:20:01 GMT (Economies.com)
US stocks close lower global economic slowdown concerns

US stocks fell on global economic concerns after a surge in oil prices due to sabotage attacks against Saudi Arabia.

 

Experts fear that this surge in oil prices will impact oil-consuming countries and households budgets.

 

Two Saudi Aramco's oil facilitates were hit by drone attacks that led to a suspension of oil supply and production.

 

The White House and other Western news agencies accused Iran of being behind the attacks against Saudi Arabia.

 

Therefore, WTI jumped by 14.7% to close at $61.90 a barrel (highest level since May 21st), with a high of $63.3 and a low of $58.7.

 

Brent rose by 14.6% to $62.90 a barrel (largest daily percentage gain since 1988), with a high of $71.9 and a low of $64.6.

 

Dow Jones fell by 0.5% or 142 points to close at 27,077 points, with an intraday high of 27,173 and a low of 27,032.

 

Nasdaq fell by 0.3% or 23 points to 8,153, with a high of 8,165 and a low of 8,121.

 

S&P 500 fell 0.3% or 9 points to 2,998 points, with a high of 3,002 points and a low of 2,990 points.

 
 
 
  Symbol Last Change Chg.%
1.1163
-0.0003
0.0309%
1.2975
0.0023
0.1784%
17.708
0.163
0.930%
53.367
-0.341
0.634%
58.82
-0.59
0.99%
1491.400
1.245
0.084%
 
 
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Europe
 
Asia