1) Investors fear if oil prices continue rising, then inflation may very well rise also.
2) Saudi Arabia’s stocks have plunged over suspected murder of a journalist. Fears abound that Saudi Arabia’s foreign investments are in jeopardy as countries distance themselves from Saudi Arabia.
3) A wave of major medical company merges is causing concerns for the ultimate impact to patents and consumers.
4) 15 OCT 18 Stock market closings:
Dow 25,250.55 down 89.44
Nasdaq 7,430.74 down 66.15
S&P 500 2,750.79 down 16.34
10 Year Yield: up at 3.16%
Oil: $71.68 up from $71.51