NEW YORK (AP) — U.S. stocks are slipping after oil prices rebounded and cranked up the pressure from the bond market. The S&P 500 fell 0.4% early Thursdsy and is on track for a fourth drop in five days. The Dow Jones Industrial Average fell 160 points, and the Nasdaq composite fell 0.5%. Brent crude rose 3%. Oil prices have been swinging with uncertainty about how long the war with Iran will keep the Strait of Hormuz shut. A halt in the torrid run for technology stocks has slowed the market recently. Not even another blowout profit report from Nvidia was enough to get it going.
THIS IS A BREAKING NEWS UPDATE. AP's earlier story follows below.
U.S. markets were poised to open lower Thursday as oil prices rose and treasury yields resumed their climb amid the ongoing stalemate between Iran and the U.S.
