Business
Stocks Give Back Early Gains. Watch Oil Prices.
Wall Street reacted to a double-whammy of lower growth and higher inflation by bidding up stocks. Then oil prices crept back.
The Dow was down 65 points, or 0.1%, after rallying 400 points earlier in the session. The S&P 500 was down 0.5%. The Nasdaq Composite was down 0.9%.
The market’s fall off its session highs follows a move higher for WTI crude oil futures. The U.S. benchmark was up 2.1% to $97.76 after falling to $92.04. Brent crude futures were back up 1.9% to $102.29.