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US stocks pare their losses as oil prices recede after briefly topping $119 per barrel

NEW YORK (AP) — Stocks pared their losses on Wall Street as an early spike in crude oil prices eased later in the day. The roller-coaster ride for oil prices Thursday underscored how they’re dictating where financial markets and maybe even the economy are heading. The S&P 500 fell 0. 3% after erasing an earlier drop of 1%. The Dow Jones Industrial Average lost 0. 4%, and the Nasdaq composite fell 0. 3%. Markets in Europe and Asia had considerably larger losses, when oil prices were higher...

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