Dow Jones Today | US Stock Market LIVE Updates: The S&P 500 Index dropped 1.1% at 9:38 a.m. in New York, while the tech-heavy Nasdaq 100 Index fell 1.0%. Brent crude soared 9.1% to $101 a barrel as Saudi Arabia, the world’s largest oil exporter, started to reduce oil production. The move by the kingdom follows the United Arab Emirates, Kuwait and Iraq.

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