US stocks edge further from their record after oil prices rise
NEWYORK (AP) — U.S. stocks edged further from their record heights on Monday after rising oil prices cranked up the pressure on inflation and financial markets. The S&P 500 fell 0.5% but remains near its all-time high set Thursday. The Dow Jones Industrial Average dropped 272 points, or 0.5%, and the Nasdaq composite slipped 0.3%. Wall Street’s losses solidified in the afternoon when oil prices accelerated upward. The price for a barrel of Brent crude, the international standard, rose 2.7% to $90.87. It’s been careening back and forth because of uncertainty about what the war ...
