U.S. Stocks Pull Back as Oil Prices Weigh, Fed Concerns Simmer
Stocks pulled back from record levels on Wednesday, with the market closing lower after renewed U.S.-Iran fighting sent oil prices up and raised fresh concerns about stubborn inflation. According to preliminary figures, the Dow Jones Industrial Average lost 581.84 points, or 1.13%, to 50,725.95. The S&P 500 slid 54.11 points, or 0.74%, to 7,555.67, while the Nasdaq Composite fell 230.97 points, or 0.85%, to 26,862.93.
