Markets Close Lower As Oil Prices Rise

A barrel of crude oil surged above the $73 a barrel mark to settle at $73.32 sending the markets tumbling with the Dow plunging 142 points to 11,501. Nasdaq fell 48 points to 2,273 while S&P 500 dropped 17 points to 1,306. The 30-year bond slipped as the yield rose to 5.227%.