New York Mercantile Exchange and West Texas Intermediate

Nasdaq Composite Index: The S&P 500 lost 24.23 points, or 1.25 percent, to 1,921.27, according to Xinhua China. The Nasdaq Composite Index tumbled 67.02 points, or 1.47 percent, to 4,503.58. The Dow Jones Industrial Average dipped 188.88 points, or 1.14 percent, to 16,431.78. The volatility in oil prices has dominated market sentiment recently. The West Texas Intermediate for April delivery moved down 1.52 U.S. dollars to settle at 31.87 dollars a barrel on the New York Mercantile Exchange, while Brent crude for April delivery declined 1.42 dollars to close at 33.27 dollars a barrel on the London ICE Futures Exchange. Oil prices dived over 4 percent Tuesday following the previous day solid gains, as Saudi Arabia Oil Minister Ali Al-Naimi said there won't be any production cuts in the country. (news.financializer.com). As reported in the news.