Oil hammers stocks

(01:38) Report

May 23 - Record fuel prices and fears of inflation give U.S. markets their worst week in 3 months.

  • The Dow shed 145.9 points to end at 12,479.
  • The S&P 500 lost 18.4 points to finish 1,375.
  • The Nasdaq lost 19.9 and settled at 2,444.
  • Crude oil ended the day at $131.7 a barrel.

    Manoush Zomorodi reports.

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