US stocks fell as oil prices crossed $100, raising inflation fears. Dow, S&P 500 and Nasdaq dropped as investors watched Fed rate cut hopes. | Business News

Stock market today: Dow falls 511 points as oil nears $100, inflation fears rise and US-Iran tensions weigh on Wall Street and global stocks. | Business News

(Bloomberg) -- A renewed rally in oil prices sent stocks lower, stoking concerns about higher interest rates just days ahead of key inflation data.

US stocks slipped as Brent crude climbed above $100 a barrel amid escalating US-Iran tensions and disruptions to oil shipments through the Strait of Hormuz. Rising fuel costs are…