
Oil prices leap back to their highest since May and drag Wall Street lower
NEW YORK (AP) — U. S. stocks sank after oil prices jumped back to where they were in May. The S&P 500 fell 0. 6% Thursday, its fourth straight loss. The Dow Jones Industrial Average dropped 0. 6%, and the Nasdaq composite sank 0. 7%. Stocks felt pressure as the price for a barrel of Brent crude briefly topped $108 because the war with Iran continues to clog the global flow of crude. Treasury yields leaped in the bond market on increased worries about inflation, and the 10-year yield jumped 4...
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