Rising Oil Weighs Down Markets

The markets closed in negative territory as crude oil prices continued rising to settle at $77.03 a barrel over the growing conflict in the Middle East. The Dow posted three digit losses for the third day in a row by plunging 107 points to 10,739. Nasdaq dropped 17 points to 2,037 while S&P 500 lost 6 points to 1,236. The 30-year bond rose as the yield eased to 5.111%.