US Stock Market Today: Dow Jones, S&P 500 and Nasdaq Slide as Oil Tops $105 and Fed Cut Hopes Fade

Stocks slipped through midday Thursday, dragged down by higher oil prices and growing skepticism that the Iran war will wrap up soon. The Nasdaq led the declines, shedding 1.3%. At 12:24 p.m. Eastern, the S&P 500 slid 1%, while the Dow Jones Industrial Average dropped 319 points, or 0.7%.