Oil prices jump back to where they were in May and drag Wall Street lower

The S&P 500 fell 0.5% and is on track for a fourth straight loss, though it’s not far from its all-time high set last month. The Dow Jones Industrial Average was down 340 points, or 0.7%, as of 1:54 p.m. Eastern time, and the Nasdaq composite was 0.5% lower.

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