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High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest rates

NEW YORK (AP) — Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve. The S&P 500 fell 1. 5% to close its fourth straight losing week, its longest such streak in a year. The Dow Jones Industrial Average dropped 443 points, or 1%, and the Nasdaq composite tumbled 2%. The market’s losses deepened after oil prices erased an early dip and accelerated in the afternoon. Brent crude, the international...

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