S&P 500 under pressure from oil shock, heads for third straight weekly loss
Lead: U.S. equities are trading under renewed pressure as a spike in oil tied to the U.S.-Israel conflict with Iran ripples through markets, pushing the S&P 500 toward a third consecutive weekly decline. On Friday, Brent crude traded above $100 a barrel, and retail flows into oil ETFs hit record levels, according to Vanda Research. … Read more