S&P 500 ends down as oil tops $100 per barrel
US stocks closed lower on Wednesday as oil prices surged above $100 a barrel. Apple dipped and Treasury yields rose ahead of crucial inflation data expected later in the week.
S. stocks finished lower on Wednesday as oil prices climbed above $100 a barrel, while Apple slipped and Treasury yields rose ahead of key inflation data due later in the week. Concerns over global oil supply and a flare-up in Middle East tensions were helping drive the move.