Oil Slump Sparks Stock Losses as S&P 500 Wipes Out August Gains

  • U.S. crude stockpiles rose more than analysts had projected
  • Most Asian index futures drop while yen losses lift Japan’s

Is There More Pain Ahead for U.S. Stocks?

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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