Go Finance Reporting in NEW YORK - Wall Street indices in the United States (U.S.) again dropped because of fears of political turmoil in the Middle East triggered oil price becomes higher.
Brent crude oil prices rose above USD116 per barrel and the CBOE VIX volatility index rose 2.7 percent to 19.11.
"After a trip occurs, the market becomes more vulnerable to any more news about oil price hikes," said Director of Trading and Derivatives Schwab Center for Financial Research Randy Frederic told Reuters, in Austin, Texas.
Whereas the positive sentiment came from employment data that is under the level of nine percent, for the first time in two months. But investors seem to quickly move to the issue of oil prices and create an index weakened.
Bank shares fell after Bank of America Merrill Lynch, said rising oil prices could make the performance of clients from banks weakened. Goldman declined 2.1 percent to $ 161.00 and Citi down about 3 percent to $ 4.54. KBW Bank Index (BKX.) lost 1.5 percent.
At the close of trading on Friday (04/03/2011), Dow Jones Industrial (DJI) fell 88.32 points, or 0.72 percent to 12169.88. The broader Standard & Poor's 500 index dropped 9.82 points, or 0.74 percent, to 1321.15. And the Nasdaq Composite Index fell 14.07 points, or 0.50 percent to 2784.67.
For this week, the Dow rose 0.3 percent and the S & P and Nasdaq both gain of 0.1 percent.
The trading volume registered 7.73 billion shares on the New York Stock Exchange, NYSE Amex and Nasdaq, below the daily average last year which amounted to 8.47 billion. (GoFinance)
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