Stocks fall on Wall Street as oil prices jump back above $100 a barrel after Iran war escalates
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By DAMIAN J. TROISE and ALEX VEIGA, AP Business Writers
Stocks on Wall Street lost ground again Wednesday as the price of crude oil climbed back above $100 a barrel amid further escalation in the U.S. war with Iran.
The S&P 500 index fell 0.5%. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite gave up 0.6%. The indexes are each on track for a weekly loss.
The losses were broad, with retailers among the companies that pulled the market lower. Amazon fell 1.8%, Starbucks
Stocks on Wall Street lost ground again Wednesday as the price of crude oil climbed back above $100 a barrel amid further escalation in the U.S. war with Iran.
The S&P 500 index fell 0.5%. The Dow Jones Industrial Average dropped 0.8%, and the Nasdaq composite gave up 0.6%. The indexes are each on track for a weekly loss.
The losses were broad, with retailers among the companies that pulled the market lower. Amazon fell 1.8%, Starbucks
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