Stocks Open Lower After Oil Hits $ 130 a Barrel

US stocks and global equity indices dropped as the threat of a potential ban on Russian oil imports spurred a surge in energy prices that investors worry could smother economic growth, especially in Europe.

The Dow Jones Industrial Average and S&P 500 declined between 0.2% and 0.4% in early Monday trading. The Nasdaq Composite Index rose 0.1%. The Dow last week recorded its fourth straight week of losses.