Markets Drop As Oil Surges Over $76

Oil prices surged above $76 a barrel as violence intensified in the Middle East. The Dow plunged 100 points to 10,913 while Nasdaq plummeted 15 points to 2,175. S&P 500 dropped 8 points to 1,251. The 30-year bond eased as the yield edged up to 5.142%.