Oil Price Surge Sends Stocks Plummeting Amid Inflation Fears
On Wall Street, stocks fell on Tuesday as oil prices continued to rise and concerns about inflation grew.
The S&P 500 index dropped by 0.4%, while the Dow Jones Industrial Average lost 164 points, or 0.3%, by 10:51 a.m. Eastern time.
The Nasdaq composite also declined by 0.7% as investors worried about the impact of high inflation on the economy.