Economic TimesLean R·
US stocks close lower as oil prices jump, indexes notch monthly gains
U.S. stocks weakened on Monday, with Wall Street turning the page on a volatile month as a war-related jump in crude prices revived inflation fears and raised the likelihood of tighter monetary policy.According to preliminary data, the S&P 500 lost 27.39 points, or 0.36%, to end at 7,684.37 points, while the Nasdaq Composite lost 41.51 points, or 0.16%, to 26,360.91. The Dow Jones Industrial Average fell 380.22 points, or 0.71%, to 53,179.77.Spiking oil prices dampened investor risk app…
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