Stocks slip, oil prices turn lower as uncertainty continues

By STAN CHOE and ALEX VEIGA
AP Business Writers

NEW YORK (AP) — Stocks slipped on Wall Street Thursday as markets remain choppy amid uncertainty about where inflation, interest rates and the global economy are heading. The S&P 500 fell 0.4%, its fifth drop in the last six days. The slide marks another reversal for U.S. stocks, which just a day earlier surged to their biggest gain since June 2020. Oil prices had their own swings, with a barrel of U.S. crude jumping as much as 5.7%, before ending down 2.5%. The worry in markets is the economy may be set to struggle under a toxic cocktail of persistently high inflation and slowing growth.