S&P 500 slides as oil tops $100; yields rise
U.S. stocks fell Wednesday as oil prices soared above $100 a barrel. Apple dipped and Treasury yields rose ahead of crucial inflation data later in the week.
S. stocks fell on Wednesday as oil prices moved above $100 a barrel, while Apple slipped and Treasury yields rose ahead of key inflation data expected later in the week. Concerns over global oil supply and a flare-up in Middle East tensions pushed Brent above $100 a barrel for the first time since August.