Stocks Slide as Oil Prices Hit New Highs
New York stocks edged lower on Monday as oil prices surged toward $60 a barrel, fueling worries about higher pump costs and slower growth. The Dow fell 13.96 to 10,609.11, while the S&P 500 and Nasdaq also slipped, bond yields rose and the dollar strengthened. Investors noted inflation risk receded and an easing Fed path, but oil remained a tension point for outlooks.
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