Global Updates: US Markets Down 1.5-3% On Weak Consumer Confidence Data; Dow Jones Fall 500; Crude Nears 2-Week High

There are signs of weakness from the global markets. After a good start, the US markets have seen a decline. The Dow Jones slipped from the day's high and closed at the day's low. The Dow has closed down 950 points from the day's high. Apart from this, the Nasdaq has seen a decline of up to 3 percent. Europe's markets have seen a gain of 0.5 percent. SGX Nifty is down by 170 points and this index is trading with red mark.