Two-session win streak on line as U.S. stocks slip with oil reclaiming $100 mark


U.S. stocks slumped Thursday morning, as oil prices renewed a march upward, following the first Federal Reserve interest rate hike since 2018 and the promises of more to come.

Investors also were worrying about escalation in the Russia-Ukraine conflict, as negotiations have thus far faltered.

The Dow Jones Industrial Average DJIA, +1.23% was trading about 105 points, or 0.3%, lower at 33,960, the S&P 500 SPX, +1.23% was off 0.3% at 4,341, while the Nasdaq Composite Index COMP, +1.33% was down 0.6% at 13,347.

Crude oil prices CL.1, +1.33% were on the rise again, with West Texas Intermediate oil on the New York Mercantile Exchange up 7.5% at $102.08 a barrel.

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