The Dow, S&P 500, Nasdaq all dropThe Dow dropped 186.29, or 2.3 percent, to 7,789.56. The Standard & Poor’s 500 index fell 19.93, or 2.4 percent, to 815.55, while the Nasdaq composite index fell 45.10, or 2.8 percent, to 1,561.61.
By: The Associated Press, The Jamestown Sun
Benchmark crude for May delivery fell $1.90 to settle at $49.15 a barrel on the New York Mercantile Exchange.
In other Nymex trading, gasoline for May delivery fell 1.51 cents to settle at $1.4604 a gallon. Heating oil lost 2.88 cents to settle at $1.3903 a gallon. Natural gas for May delivery also slipped, down 17 cents to settle at $3.562 per 1,000 cubic feet. Earlier, natural gas hit a new low of $3.554 per 1,000 cubic feet.
In London, Brent prices fell $1.02 to settle at $51.22 a barrel on the ICE Futures exchange.