US stocks lose ground as war with Iran keeps pressure on oil prices
Wall Street’s losses deepened Friday as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy. The S&P 500 fell 0.6% after having been up as much as 0.9% in the early going. The benchmark index is now down 3.1% so far this year. The Dow Jones Industrial Average lost 0.3%, and the Nasdaq composite finished 0.9% lower. The indexes also ended the week with their third straight weekly loss. After briefly easing early Friday, crude oil prices rose again, bringing the benchmark oil price back above $100 a ...