9/16, 10:00 PM (Source: TeleTrader)
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Wall Street ends lower after Saudi oil attacks

Markets in the United States closed in the red on Monday amid heightened geopolitical tensions following attacks on Saudi Arabia's oil facilities. The US accused Iran of being behind the drone attacks and vowed to respond once Riyadh confirms who the perpetrators are after an investigation into the matter. Still, US President Donald Trump insisted he would like to avoid a war with Iran if possible. Meanwhile, Tehran dismissed the allegations as "baseless" and Yemen's Houthi rebels claimed they were responsible. The incidents in Saudi Arabia also disrupted the country's crude production and sparked a surge in global oil prices and energy stocks.

The Dow Jones fell 0.53% or 143 points. Procter & Gamble led the losses as it dropped 1.95%.

The Nasdaq 100 declined 0.51% and the S&P 500 ended 0.31% lower. The worst performer on both indexes was American Airlines whose shares plunged 7.28%.

The euro slid 0.61% against the dollar to sell for 1.10074 at 4:02 pm ET.

Breaking the News / NP