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US stocks open well in the red as Oil advances further- Dow Jones slides

Just ahead of the noted US PMI data due shortly the US stock markets have reopened and it has not not been a very good start to the day. All three indexes are well in the red now as the oil price gains mount. That has seen Brent crude for December delivery rise above $115.50 just now and the higher that goes the more pressure on stocks and not just the US markets either. 

So, the Dow Jones officially reopened this afternoon at 52,696, but as is often the case, that was just a book-keeping entry. The real opening was significantly lower than that. We note the close last night at 52,867. The index has traded as low as 52,296 so far. It is currently trading at 52,300
 

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