High oil prices knock down stocks and erase Wall Street's hopes for a cut to interest rates

NEW YORK (AP) — Another climb for oil prices shook stock markets on Friday, as hopes collapsed for a possible cut to interest rates this year by the Federal Reserve. The S&P 500 fell 1.5% to close its fourth straight losing week, its longest such streak in a year. The Dow Jones Industrial Average dropped 443 points, or 1%, and the Nasdaq composite tumbled 2%. The market’s losses deepened after oil prices erased an early dip and accelerated in the afternoon. Brent crude, the international standard, rose ...