Wall Street drops after Saudi attacks; energy stocks limit losses

REUTERS: U.S. stocks fell on Monday on global growth worries after weekend attacks on Saudi Arabia's crude facilities hit 5per cent of the world's supply, but a sharp jump in crude prices lifted beaten-down energy stocks and kept losses in check.

Market spotlight shifted to the drone attacks from this week's centerpiece, the U.S. Federal Reserve's two-day monetary policy meeting where expectations of a quarter point interest rate cut remain high. At 11:34 a.m. ET, the Dow Jones Industrial Average was down 133.39 points, or 0.49per cent, at 27,086.13, the S&P 500 was down 10.50 points, or 0.35per cent, at 2,996.89. The Nasdaq Composite was down 24.42 points, or 0.30per cent, at 8,152.29.Channel NewsAsia - Sentifi topic widget

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