AP
Financial Markets Wall Street
- Seth Wenig - AP
- Updated
Traders work on the floor at the New York Stock Exchange in New York, Thursday, March 19, 2026.
Seth Wenig - APAs featured on
Another climb for oil prices shook stock markets, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve. The S&P 500 fell 1.5% Friday to close its fourth straight losing week. The Dow Jones Industrial Average dropped 1%, and the Nasdaq composite sank 2%. The losses deepened after oil prices erased an early loss and accelerated in the afternoon. Stocks fell by similar amounts across Europe. Treasury yields jumped as traders speculated the Fed won’t be able to cut rates this year because of how high oil prices have climbed.
Most Popular
Articles
- Teen killed in south Reno shooting, suspect in custody
- Driver in custody after shots fired in road rage incident on I-80
- Rail study for travel from Reno, Sparks out to USA Parkway
- Downtown sweep targets suspected drug activity along 4th Street corridor
- Man faces charges after deadly late night shooting in Dayton
- Warm weather doesn’t stop skiers or events at Palisades Tahoe
- Retail theft case ends in 10 year sentence
- Lyon County Sheriff's Office employee on administrative leave due to investigation by Sparks Police
- North Lyon Fire crews put out brush fire in Fernley
- Deadly crash shuts down portion of U.S. 95 Alt. near Luzier Lane in Yerington
