The S&P Falls Close to 1% As Oil Blasts Past $100 A Barrel

The S&P 500 fell to 6,557.94, down 0.73% mid-morning Friday, with all three major U.S. indexes on pace for a fourth straight weekly loss. Surging oil prices and escalation in the Middle East are weighing on sentiment and driving risk-off positioning, increasing near-term volatility and downside risk for equity markets.

Analysis

The S&P 500 fell to 6,557.94, down 0.73% mid-morning Friday, with all three major U.S. indexes on pace for a fourth straight weekly loss. Surging oil prices and escalation in the Middle East are weighing on sentiment and driving risk-off positioning, increasing near-term volatility and downside risk for equity markets.