Oil Prices Soar Above $100 a Barrel, Stocks Plummet on Wall Street
Stocks plummeted on Wall Street Wednesday as oil prices surged back above $100 a barrel, fueled by further escalation in the US war with Iran.
The S&P 500 index dropped 0.3%, while the Dow Jones Industrial Average fell 327 points, or 0.6%, as of 3:20 p.m. Eastern time. The Nasdaq composite also declined, dropping 0.5%.