Middle East Tensions Weigh Down Markets

Tensions in the Middle East lifted crude oil to settle at a record $76.70 a barrel sending the markets skidding for a second day of three digit losses with the Dow plunging 167 points to 10,846. Nasdaq plummeted 36 points to 2,054 while S&P 500 dropped 16 points to 1,242. The 30-year bond rose as the yield slipped to 5.115%.