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.% | ||
|---|---|---|---|---|---|
|
|
|
1.1228
|
0.0109
|
0.9790%
|
|
|
|
|
1.2601
|
0.0187
|
1.5096%
|
|
|
|
Tadawul
|
7222.41
|
-62.82
|
0.86%
|
|
|
|
|
17.569
|
-0.510
|
2.824%
|
|
|
|
|
36.786
|
2.299
|
6.666%
|
|
|
|
|
39.09
|
-0.44
|
1.11%
|
|
|
|
|
1695.225
|
-37.460
|
2.162%
|
|
