Stocks slip on Wall Street as crude oil prices climb again
By DAMIAN J. TROISE
AP Business Writer
Stocks are falling on Wall Street Wednesday afternoon, giving back some of the gains they made a day earlier, as crude oil prices rise sharply again. The S&P 500 fell 0.5%, the Dow Jones Industrial Average fell 0.9% and the Nasdaq fell 0.1%. The losses were broad. Technology and health care stocks were among the biggest weights. Retailers and communications companies also lost ground. Energy stocks gained ground along with crude oil prices. Bond yields were stable. U.S. President Joe Biden is heading to Europe for a NATO meeting Thursday, where sanctions and the Russian oil embargo will likely top the agenda.