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The U.S. stock market fell from its records after oil prices yo-yoed.
The price for a barrel of Brent crude oil settled at roughly $100 Thursday and continued its decline from more than $115 early this week. But it swung sharply before getting there, as investors wait to see whether their hopes for a deal to end the Iran war are warranted or just wishful.
As oil prices pared their drops in the afternoon, stocks fell on Wall Street. The S&P 500 slipped 0.4 percent from its all-time high. The Dow Jones Industrial Average dipped 0.6 percent, and the Nasdaq fell 0.1 percent.
On Thursday:
The S&P 500 fell 28.01 points, or 0.4 percent, to 7,337.11.
The Dow Jones Industrial Average fell 313.62 points, or 0.6 percent, to 49,596.97.
The Nasdaq composite fell 32.75 points, or 0.1 percent, to 25,806.20.
The Russell 2000 index of smaller companies fell 47.15 points, or 1.6 percent to 2,839.63.
For the week:
The S&P 500 is up 106.99 points, or 1.5 percent.
The Dow is up 97.70 points, or 0.2 percent.
The Nasdaq is up 691.75 points, or 2.8 percent.
The Russell 2000 is up 26.80 points, or 1 percent.
For the year:
The S&P 500 is up 491.61 points, or 7.2 percent.
The Dow is up 1,533.68 points, or 3.2 percent.
The Nasdaq is up 2,564.21 points, or 11 percent.
The Russell 2000 is up 357.72 points, or 14.4 percent.
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