Wall Street loses ground under pressure from rising oil prices
(AP) — Stocks on Wall Street closed broadly lower Friday as oil prices climbed to their highest level in more than four years, ratcheting up pressure on the market. The S&P 500 fell 0.5%, adding to its decline from a day before. The index posted its second-straight weekly loss. The Dow Jones Industrial Average fell 1.2%, and the Nasdaq composite slipped 0.2% after giving up a modest gain. Rising oil prices weighed heavily on the market, where nearly three out of every four stocks within the benchmark S&P 500 index fell. The price for a barrel of Brent crude oil rose 3.1% to settle ...
