Rising oil prices are knocking the U.S. stock market further from its record high on Monday, while building pressure even higher within the U.S. bond market.
The S&P 500 fell 0.8 per cent and gave back most of its gains from last week, which had brought it to the brink of its all-time high. The Dow Jones Industrial Average was down 372 points, or 0.7 per cent, as of 11:45 a.m. Eastern time, and the Nasdaq composite was one per cent lower.
Most of the U.S. stock market sank under the weight of a 2.8 per cent rise for the most actively traded contract in the market for Brent crude oil to US$100.19 per barrel. That overshadowed a gain for Wall…
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