Markets Tumble As Oil Rises

The markets tumbled to a lower close as oil prices surged above $75 a barrel to settle at $75.19. The Dow dropped 76 points to 11,152 while Nasdaq fell 37 points to 2,153. S&P 500 lost 9 points to 1,271. The 30-year bond dropped as the yield climbed to 5.271%.