NEW YORK (AP) — Stocks slipped on Wall Street Friday under increasing pressure from rising oil prices.The S&P 500 fell 0.3%, adding to its decline from a day before. The index is on track for a second-straight week of losses. The Dow Jones Industrial Average fell 541 points, or 1%, as of 12:33 p.m. Eastern time.The Nasdaq composite rose 0.1%, bolstered by gains for several big tech stocks that also helped ease losses elsewhere.Rising oil prices weighed heavily on the market, where three out of every four stocks within the benchmark S&P 500 index fell. The price for a barrel of Brent crude oil rose 3.6% to $117.20. It has surged from less than $97 at the start of October and is now at its highest level since March.Several AI-related companies made big moves. Micron Technology jumped 3.6% and Microsoft rose 0.8% and helped ease the impact on major indexes...
Original Article: Local 10 News
11 hours ago
Wall Street mostly loses ground under pressure from rising oil prices
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