S&P 500 drops 1.5%, concluding turbulent week as oil surges

Wall Street stocks ended sharply lower Friday after oil prices shot higher on fears that lengthy supply disruptions due to the Middle East war could lead to a global economic downturn.

All three major indices were firmly in the red, with the broad-based S&P 500 down 1.5 percent at 6,506.54 points.

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