U.S. stocks fall fourth straight session as oil tops $100 per barrel

  • U.S. stocks fell for a fourth consecutive session as oil prices topped $100 per barrel.
  • Dow fell 316.56 points, or 0.60%, to 52064.10.
  • August inflation data showed energy costs affecting commercial users as Treasury yields reached multiyear highs.

U.S. stocks declined for a fourth consecutive session as U.S. oil prices rose above $100 per barrel. Treasury yields reached multiyear highs, while August inflation data highlighted the impact of elevated energy costs on commercial users. The Dow Jones Industrial Average fell 316.56 points, or 0.60%, to 52064.10. The S&P 500 dropped 44.66 points, or 0.58%, to 7591.70, while the tech-heavy Nasdaq composite lost 171.62 points, or 0.65%, to 26081.72.

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