Markets Close Lower As Oil Hits $75

Oil prices surged above the $75 a barrel mark to settle at a record $75.17 a barrel sending the down to close mostly lower with the Dow adding 5 points to 11,347. Nasdaq tumbled 20 points to 2,343 while S&P 500 held steady at 1,311. The 30-year bond rose with the yield easing to 5.099%.