US stocks fall amid inflation tensions as oil prices rise

US stocks fall amid inflation tensions as oil prices rise

The three major indices of US stocks fell today amid inflation tensions with the rise in oil prices. The prospect of a ban on oil imports from Russia pushed up crude prices and fueled concerns about rising inflation. The financial sector (.SPSY) fell by about 3%, shares of United Airlines Holdings Inc. fell by 11.6% and Norwegian Cruise Line Holdings fell by 9% amid a broad decline in travel and leisure shares. Ukrainian officials said a Russian air strike hit a bread factory as the country's negotiators met for talks with Russian officials after previous rounds did not halt the conflict.

The Dow Jones Industrial Average fell 607.54 points, or 1.81%, to 3,307.26 points, and the Standard & Poor's 500 Index decreased by 91.59 points, or 2.12%, to 4237.28 points, and the Nasdaq Composite Index decreased 307.53 points, or 2.31%, to 13,305.91 points.