FXStreet (Mumbai) - The stock markets in the US are painted in red as investors took cues from the oil-driven risk aversion in the European equity markets. At the time of writing, the Dow Jones Industrial Average (DJIA) traded 264 points or 1.6% lower on the day. The S&P 500 and the Nasdaq were down atleast 1.2% each. The DJIA Oil and Gas index was down 3.3%. All major sectors were trading in the red. Shares in Chevron and Exxon Mobil were down 3% each. Goldman Sachs was down 3.6%. The European stocks extended losses following a weak opening on the Wall Street. The Euro Stoxx 50 index now trades 2.7% lower on the day. For more information, read our latest forex news.