Oil Slump Sparks Stock Losses as S&P 500 Wipes Out August GainsBy , , and
U.S. crude stockpiles rose more than analysts had projected
Most Asian index futures drop while yen losses lift Japan’s
A selloff in oil sent stocks lower, with the S&P 500 Index erasing its August advance, while the dollar maintained gains as traders awaited U.S. jobs data amid ongoing speculation over the outlook for interest rates in the world’s largest economy.
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